Daksah, 1st Anniversary Internal Seminar and Investor Protection Video Released

The Digital Asset Exchange Joint Council (DAXA), composed of South Korea's top five virtual asset exchanges?Gopax, Bithumb, Upbit, Korbit, and Coinone?held an internal seminar on its first anniversary and released an investor protection video, the council announced on the 30th.

The seminar was conducted as a private internal event the previous day, attended by representatives and officials from DAXA member companies as well as DAXA advisory committee members. Additionally, over the past year since DAXA's launch, they reviewed the self-regulatory tasks carried out by each division to protect investors and enhance market transparency, and discussed the future direction of self-regulation.

DAXA also designated this month as "Investor Protection Month." First, on the 25th of last month, they held a virtual asset business operator training session, which was broadcast live so that anyone could attend the training. On the 1st of this month, they established and published the standard internal control guidelines and the code of ethical conduct for virtual asset business operators, and simultaneously posted information on reporting virtual asset-related investment fraud, which is received by the Financial Supervisory Service, on the DAXA website.

They also introduced two new investor protection videos created for general users. "CSI, Sharing Customers' Stories," which features episodes related to exchange deposits and withdrawals that may occur while trading digital assets, and "Kim Jaejin's CS Report," which introduces the five major types of virtual asset crimes announced by the Supreme Prosecutors' Office and provides preventive measures to avoid victimization, were released.

Kim Jaejin, DAXA's Executive Vice Chairman, stated, "Over the past year, we have continuously worked to create a healthy ecosystem, and all member companies are currently making every effort to complete this year's self-regulatory implementation tasks, which were announced in April. It is important to establish protection measures that users can feel, and raising compliance awareness across all operators is also a crucial starting point for investor protection."

He added, "We will continue our efforts so that the domestic digital asset industry as a whole can grow together, and we will do our best to establish self-regulation that functions harmoniously with forthcoming public regulations."

This content was produced with the assistance of AI translation services.