#daxa News & Analysis

3 articles tagged with #daxa. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.

3 articles

CryptoNeutralBlockonomi · May 297/10

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DAXA Tightens API Key Rules to Curb Crypto Market Manipulation in South Korea

South Korea's Digital Asset Exchange Association (DAXA) has implemented stricter API key regulations requiring major exchanges to invalidate suspicious keys and deploy IP whitelisting. The policy addresses growing concerns about market manipulation as automated trading now comprises 30% of domestic crypto volume, following security breaches like the 2022 3Commas hack that exposed 100,000 API keys.

CryptoBearishcrypto.news · May 47/10

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South Korea crypto AML plan sparks 5.4m report warning

South Korea's cryptocurrency sector is raising alarms over proposed anti-money laundering (AML) rule changes that could dramatically increase suspicious activity reports to 5.4 million annually. The Digital Assets Exchange Association (DAXA) is urging regulators to establish clearer compliance guidelines for crypto exchanges ahead of implementation.

CryptoBearishcrypto.news · May 46/10

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Korean crypto exchanges push back against strict 10M won AML trigger

South Korea's Digital Asset Exchange Alliance, representing 27 registered cryptocurrency exchanges, has formally opposed proposed amendments to anti-money laundering regulations that would lower the reporting trigger threshold to 10 million won. The exchanges argue the stricter compliance requirements could create operational burdens and disadvantage Korean platforms against international competitors.