Unlocking Crypto’s Potential: Korean Bank CEO Proposes Multi-Bank Partnerships for Exchanges

South Korea’s cryptocurrency industry is poised for a significant transformation as Woori Bank’s CEO, Jung Jin-wan, advocates for a move away from the current one-bank-per-exchange model. This proposal aims to revolutionize the way exchanges operate by allowing them to collaborate with multiple banks instead of being limited to a single partner. His reasoning rests on addressing the shortcomings of the existing system and unlocking new possibilities for growth in the South Korean crypto market.