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South Korea's Digital Asset eXchange Alliance (DAXA) opposes the country's government's proposed shareholding cap.
律动Jan 13, 2026
On January 13, according to The Block, the Korea Digital Asset Exchange Alliance (DAXA) issued a statement strongly opposing the government's consideration of imposing an upper limit on the shareholding ratio of major shareholders in digital asset trading platforms. On Tuesday, DAXA warned in the statement that the proposed restrictions could "severely hinder" the development of the country's digital asset industry and market, and any attempt to artificially alter the equity structure of private enterprises would undermine the foundation of emerging industries.
DAXA is a self-regulatory organization representing South Korea's five major cryptocurrency exchanges—Upbit, Bithumb, Korbit, Coinone, and Gopax.Earlier this month, the Financial Services Commission of Korea proposed limiting major shareholders' stakes in cryptocurrency exchanges to between 15% and 20% to address potential governance risks arising from concentrated ownership. The proposal has sparked controversy as it could apply to existing companies with already established equity structures.[BlockBeats]
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