Svmuu News: The Korea Digital Asset Exchange Association (DAXA) has issued a statement expressing strong opposition to the government’s proposed ownership restrictions. The Financial Services Commission (FSC) had previously recommended limiting the ownership stake of major shareholders in cryptocurrency exchanges to between 15% and 20% to address governance risks arising from concentrated ownership. DAXA stated that such restrictions would severely hinder the development of the country’s digital asset industry, and that artificially altering the ownership structure of private companies would undermine the foundation of this emerging sector. DAXA further pointed out that, given the unrestricted global circulation of digital assets, if domestic exchanges are unable to sustain their operations, it will result in a loss of international competitiveness and drive users toward overseas platforms. Furthermore, artificially dispersing ownership would weaken major shareholders’ ultimate responsibility for the custody and management of user assets, thereby undermining user protection. The proposed restriction is one of the measures under consideration for the “Digital Asset Framework Act,” with related legislation expected to be finalized in the first quarter of this year.