DAXA Actively Welcomes Corporate Participation in Virtual Asset Market

Bloomingbit Newsroom

Summary

DAXA announced that it actively welcomes the approval of corporate participation in the virtual asset market.
This change is evaluated as the first step in resolving unclear regulations in the virtual asset market.
DAXA forecasts positive impacts on strengthening investor protection and market stability.

The Digital Asset Exchange Alliance (DAXA) announced on the 13th that it actively welcomes corporate participation in the virtual asset market, which was discussed and announced at the 3rd Virtual Asset Committee meeting.

DAXA noted that this announcement from the Virtual Asset Committee marks a significant first step in resolving unclear regulations in the virtual asset market through public-private efforts. They projected that this change would positively impact the virtual asset industry by strengthening investor protection, market stability, and global competitiveness.

DAXA stated that they will pursue close cooperation with relevant institutions, including the Financial Services Commission, work with operators to address anti-money laundering concerns that the government has had, and continue to focus on user protection.