[South Korean Authorities Decide to Impose a 20% Ownership Cap on Crypto Exchanges] According to Foresight News, citing The Block, South Korean regulators and lawmakers have reached an agreement to set a 20% ownership cap for major shareholders of crypto exchanges. In exceptional cases defined by the FSC through enforcement decrees, the ownership cap can be raised to 34%. For major exchanges like Upbit and Bithumb, this new regulation will be implemented within a three-year grace period after the legislation takes effect, while smaller exchanges will be granted an additional three years for adjustment.