[Korea Digital Asset Exchange Association: Proposed Shareholding Limit by Korean Government Will Hinder Industry Development] Odaily Planet Daily reports that the Korea Digital Asset Exchange Association (DAXA) has strongly opposed the government's proposed shareholding limit. The Financial Services Commission (FSC) of South Korea previously suggested capping the shareholding ratio of major shareholders in cryptocurrency exchanges at 15% to 20% to address governance risks arising from ownership concentration. DAXA stated that such a restriction would severely hinder the development of the country's digital asset industry, as artificially altering the ownership structure of private companies would undermine the foundation of emerging industries. DAXA further pointed out that since digital assets circulate globally without restrictions, if domestic exchange investments cannot be sustained, it will lead to a loss of international competitiveness and drive holders to overseas platforms. Additionally, artificially dispersing ownership would weaken the ultimate responsibility of major shareholders for the custody and management of user assets, thereby harming user protection. The proposed restriction is one of the review measures under the 'Basic Act on Digital Assets,' with related legislation expected to be completed in the first quarter of this year.