The South Korean Financial Services Commission once discussed establishing mutual funds to improve crypto exchange governance.
PANews January 28th news, according to Korean media reports, in order to improve the governance structure of digital asset exchanges and address monopoly issues,the Korean Financial Services Commission, when formulating the "Guidelines for Professional Investment Companies Participating in the Virtual Asset Market," discussed the idea of pooling part of the exchanges' profits into a common fund. Currently, this common fund concept remains at the proposal stage, and no specific direction has been determined. Given the current market landscape, the top five Korean won exchanges in Korea (certain exchange) account for over 90% of the market share, so this proposal may only apply to some of the top exchanges.
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