South Korean banks urge policy shift to broaden crypto exchange ties
Major South Korean banks are pushing for a change in the country’s crypto policy, aiming to expand their ability to partner with multiple crypto exchanges.
This proposed change, reported by local outlet MT, surfaced during an April 9 meeting organized by the Korea Federation of Banks alongside lawmakers from the ruling People Power Party.
According to the report, executives from five top banks, including Woori Bank CEO Jeong Jin-wan, voiced strong concerns about the country’s existing one-bank-per-exchange framework.
Jeong stressed that this setup restricts customer choice and places unnecessary strain on the financial system. He also noted that the current approach limits consumer flexibility and hinders competition in the banking…
