South Korea Crypto Exchange Ownership Cap Under Constitutional Scrutiny

South Korea's cryptocurrency regulatory landscape is facing a constitutional crisis as a former justice warns of potential rights violations. Former Justice Lee Young-jin presented his analysis at a recent legal seminar in Seoul, arguing that the current legislative approaches to regulating virtual asset exchanges contain strong unconstitutional elements.

The proposed ownership caps aim to prevent market concentration and reduce systemic risk, but critics argue they represent regulatory overreach. The former justice emphasized the protection of property rights under South Korea's Constitution, as well as potential infringements on freedom of occupation and proportionality in regulatory interventions.