Korea Investment & Securities Considers Coinone Stake: Report
Cointelegraph
South Korean brokerage Korea Investment & Securities is exploring a potential stake in crypto exchange Coinone amid proposed regulatory ownership caps.Summary
South Korean brokerage firm Korea Investment & Securities (KIS) is reportedly exploring a potential stake in the cryptocurrency exchange Coinone. While KIS has engaged with regulators regarding the investment, both parties state that no final deal has been reached. This development occurs as the South Korean government considers legislation to cap major shareholders' stakes in domestic crypto exchanges at 20%. If enacted, this law could force Coinone Chairman Cha Myung-hoon, who currently holds a majority stake, to reduce his ownership. This move follows similar industry trends, such as Mirae Asset Group's acquisition of a stake in the exchange Korbit.
(Source：Cointelegraph)