Korean financial authorities advance regulatory reform: breaking exchange monopolies, derivatives and corporate accounts to be unblocked soon

2026-01-20 04:14:12

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[Chain Wen] The Korean financial regulatory authorities have recently launched an important reform plan. According to reports from The Korea Herald, they aim to abolish the long-standing “1 Exchange – 1 Bank” binding rule.

Although this restriction has never been a strict legal requirement, it has effectively been treated as a rigid constraint due to anti-money laundering regulations, long suppressing competition among exchanges and limiting user choices. The current reform primarily aims to break the existing market monopoly pattern.

The specific measures of the reform include two aspects: first, allowing exchanges to issue crypto derivatives; second, opening corporate accounts for participation in trading. Both measures are aimed at one goal—activating liquidity and making the market more vibrant.

It is worth noting that the two major political parties in Korea have reached a consensus on this direction, and subsequent deregulation measures will also be incorporated into the second phase of legislation of the “Digital Asset Basic Law.” This means that the reform is not a temporary trend but is supported by a systematic advancement plan behind the scenes. Overall, it appears that Korean financial authorities are showing a clear shift in attitude toward the crypto market.

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ProveMyZK

· 8h ago

It's about time to relax; monopolies are harmful. Can derivatives allow for more leverage? The opening of corporate accounts... Are institutions coming? Now Korean exchanges can turn things around. Both parties unanimously agree, indicating the issue is indeed significant.

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DegenDreamer

· 8h ago

There is finally some movement. This wave of reform in South Korea clearly shows that monopolies must be broken and liquidity needs to be revitalized.

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AmateurDAOWatcher

· 8h ago

Finally, the day has arrived. Korea's recent moves are indeed quite impressive. --- Derivatives + institutional accounts are both being unlocked, liquidity is about to take off. --- Monopoly is loosening, competition is returning, and users will truly benefit. --- A consensus between two parties? That's quite a novelty in the crypto world. --- "Anti-Money Laundering" has been used as a shield for years, and now someone finally dares to challenge it. --- If this reform truly materializes, the landscape of Asian exchanges will need a complete reshuffle. --- The most critical part is derivatives; exchanges with poor liquidity are basically doomed. --- Korea is really serious about strategic planning, unlike some places where slogans are just for show. --- Opening institutional accounts? Is the signal for institutional entry so obvious? --- This reform is quite aggressive; monopolists should be feeling anxious.

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ImpermanentPhobia

· 9h ago

Korea has finally woken up; now the institutions should come to harvest.

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RektButStillHere

· 9h ago

South Korea has finally figured it out; lifting the monopoly has been overdue. It's about time to break the curse of "one exchange, one bank," which has been holding back for so many years. Derivatives + corporate accounts—only when these are unlocked can liquidity truly pick up. Both parties agree on this matter, so it looks like this time they're serious. The anti-money laundering pretext has been used to suppress for so long, and now they finally admit it's a monopoly tool.

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