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South Korea's five largest commercial banks have called for the relaxation of rules on cooperation with crypto exchanges
Executives from South Korea's five largest commercial banks (Kookmin Bank, Shinhan Bank, Asiana Bank, Woori Bank, and Nongxie Bank) met with ruling party lawmakers to demand relaxation of regulations restricting banks from working with cryptocurrency exchanges. Woori Bank President Chung Jin-wan specifically proposed that exchanges should be allowed to work with multiple banks instead of the current "one exchange for one bank" model to reduce systemic risk and expand consumer choice. At present,...
2025-04-10 03:28:40
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