South Korea plans to limit major shareholders of cryptocurrency exchanges to 15% to 20% of their shares, potentially leading to equity adjustments for exchanges like Upbit.

In the "Basic Bill on Digital Assets" submitted to the National Assembly, the Financial Services Commission of South Korea proposed limiting the shareholding ratio of major shareholders in the country's four major virtual asset exchanges (Upbit, Bithumb, Coinone, and Korbit) to between 15% and 20%, aiming to prevent a small number of founders and shareholders from controlling the operation of the exchanges.