The Korean financial sector has recently taken a major step. Regulatory authorities are pushing forward with an important reform, planning to eliminate the long-standing requirement of "one exchange bound to one bank" within this year. What does this mean for the entire market? Let's discuss.

Under the current regulatory framework, fiat on/off ramps for virtual asset exchanges can only be completed through a designated bank channel. This rule evolved under the pressure of real-name verification and anti-money laundering measures, with the original intention of risk prevention. However, over the long term, the issues have become apparent—restricted exchange options, excessive bank influence, and a lack of competition.

The Korean financial authorities are not stopping there. They are also considering opening up digital asset derivatives trading and allowing corporate accounts to participate—these are within the scope of research. In simple terms, the goal is to activate market vitality, improve trading liquidity, and prevent trading volumes from continuing to decline.

From the exchange perspective, multi-bank cooperation channels mean stronger bargaining power and more service options. In terms of the convenience of fiat on/off ramps, user experience will also improve accordingly. The overall competitive landscape of the market may thus be reshaped. Regulatory easing does not mean laxity; core risk controls remain in place, but the market is given more breathing room. This gradual reform approach is worth observing.