According to Newis, in response to the proposal to set a 15% ownership limit for major shareholders of crypto exchanges in South Korea, the crypto industry and legal circles have largely expressed opposition. Industry insiders point out that self-regulatory oversight has already been implemented through DAXA (Digital Asset Exchange Alliance), making it difficult for major shareholders to make significant decisions independently. Forcibly setting a shareholding cap is considered an overreach of regulation that ignores industry characteristics and could negatively impact mergers and strategic partnerships such as Naver–Dunamu's merger, future asset group acquisitions of Korbit, and other strategic collaborations. Legal experts warn that, given the existing qualification review system for major shareholders, requiring private companies to forcibly dispose of their shares could lead to disputes over property rights infringement.