Mars Finance News, the top five commercial banks in South Korea and several regional banks met with ruling party lawmakers this week, calling for relaxation of restrictions on the number of cooperative banks for crypto exchanges. Current regulations require each exchange to collaborate with only one bank to meet anti-money laundering requirements. Woori Bank President Jung Jin-wan pointed out that this model limits user choices and affects system stability, suggesting allowing "one exchange to connect with multiple banks". Meanwhile, as the institutional investment ban gradually loosens, many crypto exchanges in South Korea are preparing to welcome corporate customers. (The Block)
South Korea's five major banks call for relaxing restrictions on cooperation in the crypto industry and support one exchange to connect with multiple banks
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