TechFlow reported on January 13 that the Korea Digital Asset Exchange Alliance (DAXA) issued a statement strongly opposing the government's proposed cap on major shareholder ownership stakes in cryptocurrency exchanges (15–20%). DAXA warned that this restriction would severely hinder the development of South Korea's digital asset industry, weaken global competitiveness, and could drive users to overseas platforms. The alliance emphasized that artificially dispersing ownership would dilute ultimate accountability for user assets, thereby undermining investor protection. This proposal is part of South Korea’s upcoming "Digital Asset Basic Act," which is expected to be finalized by the first quarter of 2026.
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