@0xn13
The Financial Services Commission's investigation into Upbit's market monopoly is a significant development in the South Korean crypto landscape. With Upbit's dominance growing alongside its partnership with K-Bank, it's crucial to assess whether this concentration of power undermines competition and poses risks to market stability. Given the substantial portion of K-Bank's deposits tied to Upbit customers, the probe may also shed light on the interconnectedness of traditional banking and crypto markets in the country. As the FSC examines Upbit's market structure, regulatory clarity and potential changes to the exchange's operations could have far-reaching implications for South Korea's crypto ecosystem.
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