Hana Bank's Dunamu stake under review amid crypto rules
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- Hana Bank is reviewing its stake in Dunamu, the operator of Upbit, which would make it the fourth‑largest shareholder of the exchange.
- A senior Financial Services Commission (FSC) official said that the “banking‑commerce separation” limits on crypto are not codified in law but are enforced through policy and supervisory guidance.
- Mirae Asset bought a 92.06% stake in exchange operator Korbit for about 133.5 billion won (~$93 million) in February, using its consulting arm to sidestep securities‑law restrictions.
- OKX and Korea Investment & Securities are reportedly negotiating to each acquire roughly 20% of the local exchange Coinone via a new share issuance.
- South Korea plans to introduce July rules governing tokenized securities, further tightening the regulatory framework for digital assets.
Why it matters: Hana Bank could gain a strategic foothold in crypto while facing tighter oversight; rivals like Mirae Asset and OKX expand their market presence, and the new tokenized‑securities rules will raise compliance costs for all crypto‑related firms.
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