DAXA, an association of South Korean crypto exchanges, has publicly criticized the government's proposal to limit major shareholder stakes in crypto platforms. According to reports, the proposed cap would restrict ownership to between 15% and 20%. The statement from DAXA indicates concerns from exchanges regarding this regulatory move. The development highlights ongoing regulatory scrutiny and potential impacts on the operational structure and investment landscape of crypto exchanges in South Korea.

DAXA, an association of South Korean crypto exchanges, has publicly criticized the government's proposal to limit major shareholder stakes in crypto platforms. According to reports, the proposed cap would restrict ownership to between 15% and 20%. The statement from DAXA indicates concerns from exchanges regarding this regulatory move. The development highlights ongoing regulatory scrutiny and potential impacts on the operational structure and investment landscape of crypto exchanges in South Korea.