South Korean Regulatory Delay: Will Repeal of ‘One Bank-One Crypto Exchange’ Rule Impact Market?

South Korea stands as a major player in the global cryptocurrency landscape, known for its robust investor base and proactive regulatory environment. However, navigating the country’s complex regulatory framework poses challenges, particularly concerning key rules that shape the industry. A recent development has captured attention: South Korea’s Financial Services Commission (FSC) delaying a crucial decision regarding the ‘One Bank-One Crypto Exchange’ rule, which significantly impacts how crypto exchanges operate alongside traditional finance institutions.