South Korean opposition party warns exchange ownership cap could cause 'reverse discrimination'

South Korea's opposition People Power Party has argued that proposed regulations limiting major shareholder stakes in digital asset exchanges could result in reverse discrimination, Edaily reported. Speaking at a seminar on digital asset industry development today, People Power Party Leader Jang Dong-hyeok said that while top global exchanges lead the market through innovative investment and swift decision-making, artificially restricting ownership structures would undermine responsible management and could cause an outflow of talent and capital. Previously, it was reported that the ruling Democratic Party and South Korea’s Financial Services Commission were considering a 15-20% ownership cap for exchanges. If the limit is applied, major domestic exchanges may be forced to sell off their majority shareholders' stakes.