South Korea Considers Designating Crypto Firms as Financial Conglomerates

South Korea is considering a significant change to its financial landscape that could reshape the future of digital assets. The Fair Trade Commission (FTC) is reportedly mulling designating major players like Dunamu, the operator of Upbit exchange, and Bithumb as crypto financial conglomerates. This move would mark a pivotal shift in how virtual asset companies are viewed and regulated within the nation. What does this mean for the South Korean crypto market?