Korea Exchange Association DAXA Has Developed Internal Control Standards and Code of Ethical Conduct for Virtual Asset Operators

The Korea Digital Asset Exchange Association (DAXA), which is composed of the five major crypto exchanges in Korea (Upbit, Bithumb, Coinone, Korbit and Gopax), has formulated the "DAXA Internal Control Standards" and the "Code of Ethical Conduct for Virtual Asset Operators", which members The company's own standards have been unified and regulated at the company level. The two were compiled based on relevant materials such as financial investment companies and five member companies, and were formulated after the review process of each member company and advisory committee. The "DAXA Internal Control Standards" consisted of 68 items, including virtual asset business Operators' control structure, internal control organization and standards, compliance supervisors and internal control system operations, compliance matters during business execution, etc.; "Code of Ethical Conduct for Virtual Asset Operators" is composed of 24 articles, divided into 5 chapters, covering "morality to society" and so on.