Lee Seok-woo, CEO of Dunamu, Reappointed as Chairman of DAXA

Lee Seok-woo, CEO of Dunamu, will continue to serve as the chairman of the Digital Asset eXchange Alliance (DAXA) until the end of the year. DAXA is a self-regulatory body comprised of the five major cryptocurrency exchanges: Upbit, Bithumb, Coinone, Korbit, and Gopax.

On the morning of the 25th, DAXA held a board meeting and unanimously approved Lee’s reappointment. Lee Seok-woo has been serving as the inaugural chairman since DAXA’s inception two years ago, and with this decision, he will continue his role beyond his official term in July until the end of the year.

Initially, it was expected that the chairman position would rotate among member companies, with Lee Jae-won, CEO of Bithumb, anticipated to take over this time. However, due to the impending implementation of the Virtual Asset User Protection Act next month and the need to maintain the stability of the alliance, Lee Seok-woo’s reappointment was decided.

Currently, DAXA is collaborating with financial authorities to prepare guidelines for best practices in virtual asset listings, in response to the upcoming Virtual Asset User Protection Act. A DAXA representative stated, “With the imminent implementation of the Virtual Asset User Protection Act and numerous tasks lined up for the second half of the year, the board decided to maintain the current system until the end of the year for stability and continuity.”

This decision reflects the member companies’ confidence in Lee’s leadership and their expectation for continued stability and growth under his chairmanship.