The Financial Intelligence Unit (FU) under South Korea’s Financial Services Commission (FSC) will review the qualifications of major shareholders of cryptocurrency exchanges through the recently established Task Force (TF). The purpose of this is to prevent illegal actions by major shareholders who exert significant influence on the cryptocurrency exchange business and prevent damage to users. Meanwhile, Congress is pushing for the same amendment. Yoon Chang-hyun, a member of the Political Affairs Committee of the Korean National Assembly, recently proposed a bill to amend the Special Law to introduce a screening system for major shareholders of cryptocurrency companies.

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