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

TechFlowJan 12, 2026
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]

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

TechFlowJan 12, 2026
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]

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