South Korean regulators survey easing one-exchange, one-bank rule

South Korea’s Financial Services Commission (FSC) recently surveyed KRW-based virtual asset exchanges and their partner banks on the structure of real-name account issuance and the potential for accepting corporate clients, Financial News reported. The move comes as authorities prepare for the entry of corporations into the virtual asset market. The FSC is reportedly gathering industry feedback on how relaxing the current one-to-one partnership requirement could affect user numbers, KRW deposits, and average daily trading volume. According to the report, industry discussions include models such as one exchange partnering with multiple banks, one bank serving multiple exchanges, and linking crypto services through securities firms' Mobile Trading Systems (MTS).