South Korea FSC Reportedly Reviews Hana Bank Dunamu Stake
Cointelegraph
South Korea's financial regulator is investigating Hana Bank's $668 million stake purchase in Dunamu for potential conflicts with banking-commerce separation rules.Summary
The South Korean Financial Services Commission (FSC) is reviewing Hana Bank’s $668 million agreement to acquire a 6.55% stake in Dunamu, the parent company of the Upbit cryptocurrency exchange. Regulators are evaluating whether this transaction, conducted through Kakao Investment, violates the country’s principle of "banking-commerce separation," which limits ownership ties between traditional banks and non-financial businesses. While virtual asset operators currently occupy a regulatory gray area, the FSC aims to apply consistent standards to determine if the move adheres to existing supervisory policies regarding bank participation in the crypto sector.
(Source：Cointelegraph)