Daksah, Investor Precautions and Crime Prevention Video Released

[Asia Economy Reporter Lee Jung-yoon] The Digital Asset Exchange Joint Council (DAXA), consisting of South Korea's five major virtual asset exchanges?Gopax, Bithumb, Upbit, Korbit, and Coinone?announced on the 13th that it has released videos on investment precautions and crime prevention to protect investors.

The investment precautions video covers the basic points investors should be aware of when investing in virtual assets. It explains that virtual assets are not legal tender, are traded worldwide 24 hours a day, and that rapid price fluctuations can occur due to various factors, which may result in the loss of principal.

The crime prevention video explains various types of crimes that can occur during virtual asset investments through six episodes. The episodes include ▲ caution against hacking ▲ requests for personal information such as passwords ▲ inducement to perform specific acts under the pretext of job seeking or recruitment ▲ caution against inducement to perform specific acts by exchanges under the guise of loans ▲ investment solicitation baited by listings ▲ caution against unclear links.

The released videos can be viewed on the YouTube channels of DAXA and its member companies. DAXA stated, "Since digital assets spread investment information quickly and are easily accessible, we have prepared intuitive content to protect general investors," adding, "We will continue our efforts to protect investors."

DAXA had previously announced at the '2023 Digital Asset Self-Regulation Policy Symposium' held the day before that it would release videos aimed at investor protection.