South Korea's Financial Services Commission stated that its regulation on shareholding limits for major shareholders of virtual asset trading platforms is not targeting specific individuals or enterprises.

According to Yonhap News Agency, Lee Won-uk, chairman of South Korea’s Financial Services Commission (FSC), stated that the ongoing Digital Asset Basic Act’s provisions on shareholding limits for major shareholders of virtual asset exchanges are not targeted at specific individuals or firms, but are designed to address the higher public responsibilities exchanges must assume after operating on an institutionalized basis. Currently, South Korea’s virtual asset exchanges operate under a triennial

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