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

BlockBeatsJan 13, 2026
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]

Source
Powered by ChatGPT
All You Need to Know in 10s
Your One-Stop Crypto Investment Powerhouse

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

BlockBeatsJan 13, 2026
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]

Powered by ChatGPT
Scan QR Code to Explore more key information
One-stop financial research platform for Crypto Investors