On January 13th, according to The Block, the Korea Digital Asset Exchange Alliance (DAXA) issued a statement strongly opposing the government's consideration of capping the shareholding ratios of major shareholders in digital asset exchanges. On Tuesday, DAXA warned in a statement that the proposed restrictions could "seriously hinder" the development of the country's digital asset industry and market, and that any attempt to artificially alter the equity structure of private companies would shake the foundations of this emerging industry.

DAXA is a self-regulatory organization representing South Korea's five largest cryptocurrency exchanges—Upbit, Bithumb, Korbit, Coinone, and Gopax.

Earlier this month, South Korea's Financial Services Commission proposed limiting the shareholding of major shareholders in cryptocurrency exchanges to between 15% and 20% to address potential governance risks arising from concentrated ownership. This proposal has sparked controversy because it could potentially apply to existing companies with established shareholding structures.

[PANews]

The Korea Digital Asset Exchange Association (DAXA), representing the five major exchanges such as Upbit and Bithumb, has issued a statement strongly opposing the South Korean government's proposal to limit the shareholding ratio of major shareholders in crypto exchanges to 15%-20%.

DAXA warned that artificially changing the equity structure of private companies would shake the foundations of the industry, leading to a loss of global competitiveness and users flowing overseas.

In addition, DAXA emphasized that major shareholders have ultimate responsibility for user assets, and that forced dispersion of equity would dilute accountability and harm user protection.

The alliance called on the government to reconsider this regulation, which could undermine property rights and market economy principles.

[TheBlock]

South Korea's Big Five Exchange Alliance DAXA strongly opposes the "shareholder ownership cap" proposal, saying it will harm competitiveness and user protection

According to The Block, the Korea Digital Asset Exchange Alliance (DAXA) released a statement strongly opposing the government's consideration of imposing an upper limit on shareholdings by major shareholders of digital asset trading platforms. On Tuesday, DAXA warned in a 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 largest cryptocurrency exchanges—Upbit, Bithumb, Korbit, Coinone, and Gopax.

Earlier this month, the Financial Services Commission of South Korea proposed limiting major shareholders’ stakes in crypto exchanges to between 15% and 20% to address potential governance risks arising from concentrated ownership. The proposal has sparked controversy, as it may apply to existing companies with already-established equity structures.

[BlockBeats]

DAXA, the South Korean digital asset exchange alliance, opposes the government's proposed shareholding limit

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]

South Korea's Digital Asset eXchange Alliance (DAXA) opposes the country's government's proposed shareholding cap.

On January 13 (UTC+8), the Korea Digital Asset Exchange Association (DAXA) issued a statement strongly opposing the government's proposed shareholding restrictions. The South Korean Financial Services Commission (FSC) had previously proposed limiting the shareholding ratio of major shareholders in cryptocurrency exchanges to between 15% and 20% to address the governance risks arising from concentrated ownership.

DAXA stated that the restriction would seriously hinder the development of the country's digital asset industry, and artificially changing the ownership structure of private companies would undermine the foundation of emerging industries. DAXA further pointed out that due to the unrestricted circulation of digital assets worldwide, if domestic exchange investment cannot be sustained, it will lead to a loss of international competitiveness and encourage holders to flow to overseas platforms.

In addition, artificially dispersing ownership would weaken the ultimate responsibility of major shareholders for the custody and management of user assets, thereby undermining user protection. The proposed restriction is one of the deliberative measures of the 《Digital Asset Basic Act》, and relevant legislation is expected to be completed in the first quarter of this year. (Source: ChainCatcher)

[ME News]

Korea Digital Asset Exchange Association: South Korea's Proposed Exchange Ownership Cap Will Hinder Industry Development

The Korea Digital Asset Exchange Alliance (DAXA) has issued a statement strongly opposing the government's proposed shareholding restrictions. The Financial Services Commission (FSC) previously recommended limiting major shareholders of cryptocurrency exchanges to 15%–20% ownership to address governance risks arising from concentrated ownership. DAXA argues that this restriction would severely hinder the development of the country’s digital asset industry, and that artificially altering the ownership structure of private companies would undermine the foundation of an emerging sector.

DAXA further指出 that since digital assets circulate globally without borders, if domestic exchange investments cannot be sustained, it will lead to a loss of international competitiveness and drive holders toward overseas platforms. Additionally, artificially dispersing ownership would weaken major shareholders’ ultimate responsibility for user asset custody and management, harming user protection. The proposed restriction is one of the measures under review as part of the Digital Asset Basic Act, with related legislation expected to be finalized in the first quarter of this year.

[Odaily]

Korea Digital Asset Exchange Association: The South Korean government's proposed cap on exchange ownership will hinder industry development

According to The Block, the Korea Digital Asset Exchange Alliance (DAXA) has issued a statement strongly opposing the government's consideration of imposing an upper limit on shareholdings by major shareholders of digital asset exchanges. On Tuesday, DAXA warned in a 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 ownership structures.

[ChainCatcher]

DAXA, which consists of South Korea's 5 major crypto exchanges, opposes the shareholding cap proposed by the country's government

DAXA, comprised of South Korea's five largest cryptocurrency exchanges, opposes the government's proposed shareholding cap.

On January 13, the Korea Digital Asset Exchange Association (DAXA) issued a statement strongly opposing the government's proposed upper limit (15-20%) on the shareholding ratio of major shareholders of cryptocurrency exchanges.

DAXA warned that this restriction would seriously hinder the development of South Korea's digital asset industry, weaken global competitiveness, and could lead users to switch to overseas platforms. The alliance emphasized that artificially dispersing ownership would weaken the ultimate responsibility for user assets and would instead harm investor protection.

This proposal is part of South Korea's upcoming Digital Asset Basic Act, which is expected to be completed in the first quarter of 2026.

[Techflow]

Korean cryptocurrency exchange alliance resists government's proposal on shareholding cap

1月13日，据The Block报道，韩国数字资产交易所联盟（DAXA）发表声明，强烈反对政府考虑对数字资产交易所主要股东的持股比例设定上限。周二，DAXA在一份声明中警告称，拟议中的限制措施可能会“严重阻碍”该国数字资产行业和市场的发展，任何人为改变私营企业股权结构的企图都将动摇这一新兴行业的根基。

DAXA是一个代表韩国五大最大加密货币交易所——Upbit、Bithumb、Korbit、Coinone和Gopax——的自律组织。

本月早些时候，韩国金融服务委员会提议将加密货币交易所主要股东的持股比例限制在15%至20%之间，以应对因所有权集中而产生的潜在治理风险。该提案引发了争议，因为它可能适用于已有既定股权结构的现有企业。

[PANews]

由韩国五大最大加密货币交易所组成的DAXA反对政府提出的持股上限。

1月13日，據 The Block 報導，韓國數位資產交易所聯盟（DAXA）發表聲明，強烈反對政府考慮對數位資產交易所主要股東的持股比例設定上限。週二，DAXA 在聲明中警告，此項擬議中的限制可能會「嚴重阻礙」該國數位資產產業與市場的發展，且任何試圖人為改變私人企業股權結構的舉措，都將動搖這個新興產業的根基。

DAXA 是一個自律組織，代表韓國五大加密貨幣交易所——Upbit、Bithumb、Korbit、Coinone 和 Gopax。

本月早些時候，韓國金融服務委員會提出建議，將加密貨幣交易所主要股東的持股比例限制在 15% 至 20% 之間，以應對因股權過度集中所可能產生的治理風險。此提案已引發爭議，因其可能適用於已有既定股權結構的現有企業。

[PANews]