According to South Korean regulators and lawmakers, the cap will be set in the Digital Asset Basic Act, giving Upbit and Bithumb three years and smaller exchanges six years to comply with new ownership limits.
South Korean regulators and lawmakers agreed to cap major shareholders of crypto exchanges at 20%, with possible exceptions up to 34%, to be included in the Digital Asset Basic Act. The plan sets a three-year grace period for major platforms such as Upbit and Bithumb to restructure and six years for smaller exchanges. Current stakes exceed the proposed limits: Bithumb Holdings owns 73% of Bithumb, and Binance holds 67% of Gopax. The measure awaits enactment and is intended to curb concentration and strengthen governance.