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韩国学界质疑限制 CEX 大股东持股比例:或涉违宪且不符国际惯例

2026-01-16 16:53:03

ChainCatcher 消息,针对韩国金融当局讨论将虚拟资产交易所大股东持股比例限制在 15%–20% 区间的设想,多名学者在 1 月 16 日举行的“稳定币发行与交易基础设施制度化方向”研讨会上表达审慎态度。成均馆大学经营学院教授 文哲宇 指出,强制压缩大股东持股比例可能触及财产权保护问题,存在违宪风险。

其同时提到,对比币安与 Coinbase 的股权结构,创始人维持较高持股比例在全球范围内并不罕见,相关限制措施或与国际上强调责任经营的趋势相悖。

此外,仁川大学教授金允京认为,直接通过比例限制干预股权结构手段过于激进,可能削弱行业创新与发展动力。多位与会专家建议,监管层可通过强化大股东资格审查、完善 IPO 相关制度等方式,引导股权分散与合规发展,而非采取强制性剥离安排。

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