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The South Korean banking industry calls for the easing of restrictions on collaboration with cryptocurrency exchanges.

GateNews

2025-04-10 03:19:46

Gate.io News bot reported that the five major commercial banks in South Korea, along with several regional banks, held meetings this week with ruling party lawmakers to propose suggestions regarding the banking cooperation policy for cryptocurrency exchanges. According to current regulations, each cryptocurrency exchange can only establish a partnership with one bank to meet AML requirements. Jeong Jin-wan, president of Woori Bank, suggested in the meeting that “one exchange connects with multiple banks.” Furthermore, in the context of gradually relaxed restrictions on institutional investment in South Korea, several exchanges have begun preparing to accept corporate clients. Source: TheBlock.

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