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

ChainCatcherJan 13, 2026
#DeFi
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.

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

ChainCatcherJan 13, 2026
#DeFi
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]

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