South Korea's financial regulatory authorities have recently signaled that they are considering relaxing the strict "one exchange, one bank" framework currently in place. The logic behind this adjustment is clear—breaking monopolies, stimulating market competition, and enhancing trading liquidity.

More importantly, they are also preparing to include crypto derivatives trading and corporate account trading permissions within the legal scope. In other words, the channels for institutional investors to enter the market are gradually opening, which will have a substantial impact on the market's depth and complexity.

These policy adjustments will be officially incorporated into the second phase of the "Digital Asset Basic Law" legislative agenda. From Korea's attitude, they are striving to balance risk prevention and market vitality, while also paving the way for the regulated development of the crypto industry. For practitioners and investors, this is a trend worth paying close attention to.