[South Korea Proposes Limiting Cryptocurrency Exchange Ownership to 20%, Regulatory Authorities at Odds with Government and Industry] According to a report by Jinse Finance, the South Korean Financial Supervisory Commission (FSC) has proposed capping individual or corporate ownership in cryptocurrency exchanges at 15-20% to prevent conflicts of interest. The FSC chairman stated that exchanges have become part of the financial system and should establish corresponding governance structures. The proposal views exchanges as public infrastructure but has faced opposition from the ruling Democratic Party and the industry. Currently, major cryptocurrency exchanges in South Korea are controlled by single founders or corporations: Upbit operator Dunamu's founder holds a 26% stake, Nexon owns over 60% of Korbit, Binance controls more than 67% of GOPAX, and Coinone's founder holds a 53% stake. Analysts point out that while regulatory authorities maintain a firm stance, friction with the government and the industry is likely to persist, potentially leading to a stalemate. If the new regulations are implemented, all major exchanges will need to adjust their ownership structures.