DAXA to Support New Corporate Entries into the Virtual Asset Market

The Digital Asset eXchange Alliance (DAXA) announced on the 27th that since June of this year, it has been working to support corporations entering the virtual asset (cryptocurrency) market for successful market entry.

DAXA published a leaflet compiling essential information for nonprofit organizations’ staff to be aware of when converting virtual assets into cash. A total of 1,000 copies of the leaflet were produced and distributed to about 70 institutions nationwide, including school corporations, donation organizations, and digital asset exchanges. In addition, on the 26th, at a seminar on virtual assets hosted by the Korea Council of Charitable Organizations, on-site training based on this material was also conducted.

Since the Financial Services Commission (FSC) announced plans in February for corporations’ phased participation in the virtual asset market, DAXA is aligning with the policy direction to provide essential infrastructure and information needed by corporations. Moving forward, the organization plans to continue actively supporting corporate market participation.

Kim Jae-jin, Executive Vice President of DAXA, stated, “Corporate participation in the market will contribute to market stability and maturity. We will spare no effort to support new participants so they can enter the domestic market stably.”