Crypto Exchanges
By Steven Anderson
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What the Banking-Commerce Rules Actually Say. South Korea's banking-commerce separation framework isn't new.
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What's at Stake for Hana Bank and the Broader Market. The stakes here go beyond Hana Bank itself. South Korea has a fairly active crypto market, and…
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Regulatory Pressure Builds Across the Sector. South Korea isn't alone in wrestling with these questions.
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South Korea's Financial Services Commission is taking a hard look at Hana Bank. The bank holds a $668 million stake in Dunamu, and regulators want to know if that's actually…
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The FSC kicked off a formal review of the investment, scrutinizing whether Hana Bank's position in Dunamu — the company behind one of South Korea's biggest crypto exchange…
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It's a prominent name in South Korea's digital asset space, and Hana Bank's stake is substantial enough to raise real compliance questions.
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South Korea's banking-commerce separation framework isn't new. It's been a cornerstone of the country's financial regulation for years, built on the idea that banks shouldn't…
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Crypto complicates that picture considerably. Digital asset companies like Dunamu operate in markets that can swing wildly in short periods.
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No timeline has been given. The FSC hasn't said when it expects to wrap up the review, and it hasn't laid out what specific actions it might take if it finds a breach.
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Read also: A16z Crypto Backs US CLARITY Act, Betting It Puts America First in Crypto
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The stakes here go beyond Hana Bank itself. South Korea has a fairly active crypto market, and traditional financial institutions have been circling digital assets with…
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That kind of regulatory signal matters. It's the sort of decision that can reshape how an entire sector approaches investment strategy.
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And Dunamu's prominence makes it a particularly visible test case. It's not a fringe player — it's a major force in the Korean crypto market.
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The FSC hasn't tipped its hand. No details on potential corrective measures, no word on whether the bank would be required to divest, reduce its stake, or simply justify the…
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See also: AI Jailbreaking Puts Chatbot Security at Risk for Crypto and Fintech Users
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