Daksah Holds Online and Offline Training for Virtual Asset Operators

The Digital Asset Exchange Joint Council (DAXA), composed of the five major Korean won-based cryptocurrency exchanges Gopax, Bithumb, Upbit, Korbit, and Coinone, announced on the 30th that it conducted practical training on the Act on the Protection of Virtual Asset Users and the Act on Reporting and Using Specified Financial Transaction Information, organized by the Education Division.

The training held on the 27th was conducted for all domestic Virtual Asset Service Providers (VASPs) and was held simultaneously online and offline over two hours. The training focused on a lecture by Seonggil Jo, CCO (Compliance Officer) of Streamy, covering understanding regulations related to virtual asset service providers, AML risk assessment of new products, and approval processes. About 100 participants, including DAXA member companies and executives and employees of domestic virtual asset service providers, attended the session, which is available for viewing by anyone through the DAXA website and YouTube.

Meanwhile, DAXA continues to provide education targeting all virtual asset service providers. Earlier this month, it held an online briefing session on the Act on the Protection of Virtual Asset Users, and in May, it conducted training on the practical application of the Act on Reporting and Using Specified Financial Transaction Information.

Kim Jaejin, Executive Vice Chairman of DAXA, stated, "This event was organized to help all domestic virtual asset service providers smoothly fulfill their obligations under existing laws and prepare together for compliance with the soon-to-be-enforced Act on the Protection of Virtual Asset Users." He added, "DAXA will continue to create opportunities that contribute to the overall development of the industry."

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