DPK Drops Plans to Change South Korean Crypto Exchange Rules

The Democratic Party of Korea (DPK) has abandoned plans to alter the one bank-one exchange rule in South Korea, impacting cryptocurrency exchanges. The decision comes after considering potential changes that aimed to stimulate market growth. This existing regulation mandates each exchange partner with a single bank for real-name accounts in South Korea. However, this was intended to enhance transparency and mitigate risks such as money laundering and fraud.