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

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.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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