South Korea Considers Evaluating "One Exchange, One Bank" Restrictions, May Ease Rules for Exchange-Bank Cooperation

Odaily News According to local media reports, South Korean financial regulators are assessing whether to end the long-standing practice of "one exchange partnering with only one bank." This review, coordinated by the Financial Services Commission (FSC) and the Fair Trade Commission, aims to evaluate whether the current mechanism exacerbates market concentration. The report points out that the "one exchange, one bank" rule is not codified in law but has gradually formed under anti-money laundering (AML) and customer due diligence requirements. Related studies suggest this model may restrict small and medium-sized exchanges from accessing banking services, thereby reinforcing the dominance of leading platforms.

This discussion is also related to South Korea's advancement of the second phase of legislation for the "Digital Asset Basic Act." The bill plans to allow the issuance of Korean Won stablecoins, but disagreements remain regarding the regulatory framework and approval mechanisms. Its submission has been postponed to 2026. (Cointelegraph)