Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Korean financial authorities are brewing a round of digital asset regulation reforms. According to the latest news, they plan to abolish the long-standing "1 Exchange - 1 Bank" system within the year—this regulation restricts each exchange to cooperate with only one bank.
The reasoning behind this adjustment is easy to understand. The current single bank binding model severely constrains market liquidity, leading to limited trading volume. As the digital asset market expands, this rigid structure has become difficult to meet industry demands.
The reform proposals from Korea's financial sector are quite aggressive. In addition to eliminating the one-to-one relationship between exchanges and banks, they are also studying several supporting measures: firstly, allowing digital asset derivatives to be listed for trading; secondly, relaxing restrictions on corporate accounts participating in trading. If implemented, these measures will significantly enhance market competition and attract more participants.
Ultimately, Korea's regulators aim to activate the market by loosening controls, prevent trading from shrinking, and restore the competitiveness of exchanges. For the entire Asian digital asset market, this is undoubtedly a positive signal.