Woofun AI reports that South Korea is actively reconsidering the "one exchange-one bank" restriction governing digital asset exchanges and banks, a move highlighted by Edaily as a precursor to corporate market access. This regulatory shift aims to dismantle the de facto rule that has limited real-name account partnerships since 2018.

Specific financial institutions not currently linked to won-denominated exchanges, including BNK Busan Bank, iM Bank, NH Nonghyup Bank, and Woori Bank, are reportedly engaging with virtual asset exchange officials to establish new ties. These discussions coincide with the planned admission of corporate participants in the second half of the year, while some industry voices also propose connecting exchange accounts directly with securities firms.

The existing policy originated in 2018 when the government implemented stricter anti-money laundering measures requiring each exchange to partner with a single bank for real-name accounts. Critics have long argued that this framework stifles competition, curtails consumer choice, and erects significant operational barriers for smaller exchanges attempting to enter the market.

Financial authorities now recognize that allowing corporate participation requires robust infrastructure capable of managing larger transaction volumes and ensuring risk diversification beyond current individual investor limits.

Woofun AI data shows that easing these constraints could fundamentally alter the competitive landscape for major players like Upbit and Bithumb, potentially allowing smaller rivals to secure banking services previously out of reach.

This regulatory evolution signals a broader strategic pivot in South Korea as it prepares to integrate corporate investors into the digital asset ecosystem. The outcome will likely establish a critical precedent for how other regulated markets navigate the convergence of traditional banking and cryptocurrency services.