DPK abandons plan to revise one bank-one crypto exchange rule in South Korea

The Democratic Party of Korea (DPK) has effectively abandoned plans to revise the current one bank-one crypto exchange rule in South Korea, according to Bizwatch. With the presidential election approaching, the party had initially considered relaxing the restriction—which limits each crypto exchange to partnering with just one bank—as a way to promote the growth of the cryptocurrency market. However, the DPK’s policy committee opted for a more cautious approach, leading to the decision to halt discussions on the matter, a DPK official said.