DAXA joins on-site inspections of member crypto exchanges

South Korea's Digital Asset eXchange Alliance (DAXA) has joined on-site inspections of its five member exchanges that support won trading—Upbit, Bithumb, Coinone, Korbit, and Gopax—by visiting them sequentially, News1 reported. The move follows a recent incident involving mistaken cryptocurrency payments, which prompted the formation of an emergency response team. This team, composed of the Financial Services Commission, the Financial Intelligence Unit (FIU), the Financial Supervisory Service (FSS), and DAXA, recently launched a task force to enhance internal controls.