South Korea dey review 'one exchange–one bank' practice, fit make banking access easier for crypto platforms

Di South Korea, Financial Services Commission (FSC) and Fair Trade Commission dey review one informal practice wey dem dey call “one exchange–one bank” — where each crypto exchange dey use only one local bank for Korean-won deposits and withdrawals. This model no come from law, na pressure from AML/KYC compliance make am start. One government study wey local media mention say this arrangement dey strengthen big established players, dey raise barrier for smaller or new exchanges, concentrate won trading volume for few platforms, and fit distort competition. Regulators dey check if e fair to apply same compliance burden to all exchanges given their different risk profiles, and whether the banking setup dey unfairly limit competition and innovation. This review dey happen together with other regulatory moves: FSC recently allow listed firms and investment companies to hold up to 5% equity in top 20 cryptocurrencies, and the Digital Asset Basic Act — wey for allow won-backed stablecoins under strict custody and supervision — don delay until 2026. Traders suppose watch for policy changes wey fit expand bank access and on-ramps, reduce fee and liquidity advantages wey incumbents enjoy, shift domestic order flow between platforms, and affect fiat liquidity and spreads on Korean-won pairs.