NEWS
2023.11.20
Debate Over Daxa's Legitimacy and Self-Regulation Amidst Financial Industry Criticism
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Lawyer
Daxa was established in June last year amid political criticism that exchanges had varying timelines for suspending deposits and withdrawals in the wake of the Terra and Luna scandals, and that investor protection was not adequate, but some in the industry have pointed out that Daxa's self-regulation is inconsistent. Ohoon Kwon, Partner Attorney at Cha & Kwon Law Offices said "Unlike the Financial Investment Association, which has a clear legal basis and is authorized by the Capital Markets Act, Daxa is a council established without a legal basis, so there are limitations to its self-regulation"
URL : Debate Over Daxa's Legitimacy and Self-Regulation Amidst Financial Industry Criticism
