# South Korea Says Crypto Exchange Ownership Limits Are Not Targeted

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/29505
Published: 2026-10-10T11:33:55.000Z
Updated: 2026-10-10T11:33:55.000Z
Section: Regulation

> The Financial Services Commission plans tighter oversight as exchanges move from three-year reporting renewals to a licensing system under the Digital Asset Basic Act.

South Korea will strengthen oversight of major shareholders in virtual asset exchanges while rejecting claims that proposed ownership limits target a specific company or individual.

Financial Services Commission Chair 李亿元 said the restrictions are part of the country’s effort to establish a stronger operating framework for exchanges under the Digital Asset Basic Act, which is being advanced.

South Korean exchanges currently operate under a reporting system that requires renewal every three years. The framework is expected to shift to licensing once the law takes effect.

李亿元 said exchanges have an infrastructure-like role and therefore need corresponding public responsibilities.

The proposed rules would apply to major shareholders broadly rather than being designed for a named business or person.