The power struggle at South Korean exchanges and concerns about liquidity
The proposal to limit 20% of FSC's shares is facing fierce opposition from both the government and large enterprises. You all need to stay alert and look at the reality: most major exchanges in South Korea are currently under the control of founders or giant gaming corporations with ownership ratios of up to 50-60%. That's the situation; if forced to transfer shares in a short time to comply with the law, the market could face severe fluctuations. #anhbacong
Forcing changes to the upper structure could disrupt business operations and cause long-term development plans to be stalled. The parties are fiercely grappling for significant interests. If this struggle drags on, the first to suffer will be the users when exchanges are preoccupied with legal issues and neglect security or service improvement. You all should be cautious and closely monitor the progress of the Basic Digital Asset Act. Don't get too excited about promises of transparency while forgetting that the stability of the infrastructure is what keeps our assets safe. $BTC
