The Korean regulatory authorities are planning to advance regulatory reforms in the cryptocurrency sector by the end of this year. According to industry sources, the core of the reform may include breaking the current one-exchange-to-one-bank model and opening up issuance rights for digital asset derivatives. The goal of these policy adjustments is very clear— to unleash suppressed market vitality. Currently, the Fair Trade Commission and the Financial Services Commission are negotiating and discussing related plans, and substantial progress is expected before the end of the year. Once these measures are implemented, the entire Korean crypto trading market ecosystem could undergo significant changes.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
5
Repost
Share
Comment
0/400
LiquidityWizard
· 18h ago
Finally taking action. Korea is about to break the deadlock of ban and license one by one.
Derivatives trading permissions are being relaxed, now it makes sense. Let's see how it is implemented by the end of the year.
They've been suppressed all along, now it's time to loosen the grip. The spring of Korean exchanges might be coming.
Come on, come on, the Financial Stability Committee and the Fairness Committee are working together. Are they serious this time?
Breaking the monopoly model. To put it nicely, it means deregulation. Whether it's good or bad remains to be seen.
View OriginalReply0
OnChainDetective
· 22h ago
lol korea finally realizing their banking model is choking the market... but ngl the timing's sus, they always announce reforms end of year then ghost everyone. watched this pattern repeat too many times to buy the hype rn.
Reply0
FUD_Whisperer
· 22h ago
Breaking the one exchange one bank rule? Korea is about to loosen up, it seems the pressure is indeed heavy.
How much can the entire market thrive with derivatives open? But regulation is regulation, don’t be too optimistic haha.
Will it be implemented before the end of the year? I feel like it’s going to be delayed again. Korea’s process is dragging on endlessly.
Finally, someone remembers the suppressed market. I’m cracking up.
A rule as silly as one exchange paired with one bank has persisted until now. I’m truly amazed.
View OriginalReply0
SelfRugger
· 22h ago
Finally taking action, Korea is really about to loosen regulations
Breaking the one exchange, one bank rule is brilliant; competition makes it more interesting
Opening up derivatives permissions? Now players are in for a treat
Wait, could this just be a paper article, and will it really be implemented by the end of the year?
Talking without action, I’ll wait and see before making any moves
View OriginalReply0
ChainDoctor
· 22h ago
Is Korea really serious about this move? Breaking the one-bank-one-operation model, opening derivatives... It always feels like it's hanging until the end of the year, but if it happens, it will definitely be a big explosion.
The Korean regulatory authorities are planning to advance regulatory reforms in the cryptocurrency sector by the end of this year. According to industry sources, the core of the reform may include breaking the current one-exchange-to-one-bank model and opening up issuance rights for digital asset derivatives. The goal of these policy adjustments is very clear— to unleash suppressed market vitality. Currently, the Fair Trade Commission and the Financial Services Commission are negotiating and discussing related plans, and substantial progress is expected before the end of the year. Once these measures are implemented, the entire Korean crypto trading market ecosystem could undergo significant changes.