- South Korea’s financial authorities are reviewing the creation of an incorporated statutory crypto association as part of second-phase legislative discussions on the Digital Asset Basic Act.
- The new statutory association could be tasked with market self-regulation, including standards for crypto listings, distribution and disclosures, monitoring suspicious and unfair trading, and mediating disputes among exchanges.
- The timing of the association’s launch and the scope of its authority have not been finalized, and details are expected to be coordinated during National Assembly deliberations alongside the second phase of the Digital Asset Basic Act.
South Korea Weighs New Statutory Crypto Association, Tapping Some DAXA Functions
South Korea’s financial authorities are considering establishing a separate statutory association to handle public self-regulation of the virtual asset market.
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Aug 31, 2026 at 2:32 AM UTC · 2 min de leitura
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South Korea’s financial authorities are considering establishing a separate statutory association to handle public self-regulation of the virtual asset market.
Newsis reported on Aug. 31 that the authorities are closely reviewing a plan to set up an incorporated association for the crypto industry as part of second-phase legislative discussions on the Digital Asset Basic Act. Rather than converting the Digital Asset eXchange Alliance, or DAXA, into a statutory body, the proposal calls for creating a separate legal entity.
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