🪙 Cryptocurrency 1d ago · Peter Mwangi

South Korean Regulator Flags Naver–Upbit Merger Risks Before Won Stablecoin Market Even Exists

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South Korean Regulator Flags Naver–Upbit Merger Risks Before Won Stablecoin Market Even Exists
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South Korea’s FTC reviews Naver’s proposed Dunamu acquisition over competition concerns. 



FTC examiners identified competition concerns across 10 markets linked to the proposed deal.



The FTC also examined the deal’s potential impact on a future won-backed stablecoin market. 




South Korea’s Fair Trade Commission (FTC) has opened formal deliberations on Naver Financial’s proposed acquisition of Dunamu, the operator of Upbit, after examiners identified potential

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