South Korea's Financial Services Commission has discussed establishing a mutual fund to improve the governance of cryptocurrency exchanges.

Қысқаша жаңалықтар

On January 28th, PANews reported that South Korea's Financial Services Commission is exploring a proposal to channel portions of exchange profits into a collective fund, aiming to strengthen governance and address monopoly issues within the digital asset sector. At present, this remains merely a concept under review as part of their "Guidelines for Professional Investment Companies Participating in the Virtual Asset Market"; therefore, specific implementation details haven't been finalized. Given that the top five Korean won-based exchanges—Upbit, Bithumb, Coinone, Korbit, and GOPAX—dominate over 90.00% of the market, analysts believe this initiative would primarily impact these major platforms.

PANews reported on January 28th that, according to South Korean media, in order to improve the governance structure of digital asset exchanges and address monopoly issues, the South Korean Financial Services Commission discussed the idea of ​​pooling some of the profits of exchanges into a mutual fund when formulating the "Guidelines for Professional Investment Companies Participating in the Virtual Asset Market." Currently, this mutual fund idea remains at the conceptual stage, and its specific direction has not yet been determined. Given the current market structure, where the top five won-denominated exchanges in South Korea (Upbit, Bithumb, Coinone, Korbit, and GOPAX) hold over 90% of the market share, this proposal may only apply to a select group of top exchanges.