[South Korean Financial Services Commission Reviews Whether Hana Bank's Indirect Holding of Approximately 6.55% Stake in Dunamu Violates Regulations] BlockBeats News, May 18: The Virtual Asset Division of the South Korean Financial Services Commission (FSC) is reviewing whether Hana Bank's acquisition of Kakao Investment shares, resulting in the indirect holding of approximately 6.55% stake in Dunamu (the parent company of Upbit), violates the 'separation of finance and virtual assets' regulatory rules. The FSC has explicitly stated that even indirect investments will be reviewed under the same standards and emphasized that the rule has not been relaxed. If the transaction is deemed to violate regulations, it may not be completed. This regulatory rule has been implemented since 2017 in the form of administrative guidance to isolate financial institutions from virtual asset risks. However, there is currently no clear legal provision, and it may be incorporated into South Korea's digital asset-related legislation in the future. [Original Link]