According to Newis, the crypto industry and legal circles have largely expressed opposition to South Korea's proposed plan to set a 15% ownership cap for major shareholders of cryptocurrency exchanges. 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 limit is considered an overreach that ignores industry characteristics and could negatively impact mergers and acquisitions such as Naver–Dunamu's merger, future asset group acquisitions of Korbit, and strategic partnerships. Legal experts warn that, given the existing major shareholder eligibility review system, requiring private companies to forcibly dispose of shares could lead to disputes over property rights violations.