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

MetaEraJan 13, 2026
#DeFi
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]

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

MetaEraJan 13, 2026
#DeFi
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]

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