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Digital Asset Basic Act Proposal Could Cap Exchange Stakes, Hitting Naver Financial

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Naver Financial’s plan to make Dunamu a wholly owned subsidiary faces a potential hurdle as South Korea’s government accelerates legislation for a Digital Asset Basic Act. Options discussed include a major-shareholder stake cap of about 20%, which could constrain Naver’s share exchange if applied to existing operators, alongside changes needed for other exchange-related deals. The FSC is preparing the proposal after earlier disclosures and consultations.

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