The South Korean Federal Financial Services Commission (FSC) is reviewing whether Hana Bank's acquisition of Dunamu shares violated regulatory rules.

CoinFeed reported on May 18th that, according to iNews24, South Korea's Financial Services Commission (FSC) is reviewing whether Hana Bank's acquisition of Dunamu shares violates the "separation of finance and virtual assets" regulatory rule. The FSC's Virtual Assets Division stated that Hana Bank's indirect acquisition of Dunamu shares through Kakao Investment constitutes a virtual asset exchange investment and will be reviewed under the same standards. Since 2017, the South Korean government has been issuing administrative guidance prohibiting financial institutions from holding, purchasing, or investing in virtual assets. If this is found to be in violation, Hana Bank may be unable to complete the transaction. Mirae Asset Consulting is pursuing an acquisition of Kobit's management rights, and Korea Investment & Securities is also taking a cautious approach. Hana Bank previously announced its acquisition of a 6.55% stake in Dunamu without prior consultation with the authorities.