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

OdailyJan 13, 2026
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]

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

OdailyJan 13, 2026
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]

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