PANews reported on April 10 that according to The Block, South Korea's five largest commercial banks and several regional banks met with ruling party lawmakers this week, calling for the relaxation of restrictions on the number of banks that cooperate with crypto exchanges. Current regulations require each exchange to cooperate with only one bank to meet anti-money laundering regulations. Woori Bank President Zheng Zhenwan pointed out that this model limits user choices and affects system stability, and suggested allowing "one exchange to connect with multiple banks." At the same time, as the ban on institutional investment is gradually relaxed, many Korean exchanges are ready to welcome corporate customers to enter.
South Korea's five major banks call for relaxing restrictions on cooperation in the crypto industry and support one exchange to connect with multiple banks
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