TechFlow news, January 20 — According to the Korea Herald Economy, South Korea's financial regulators have begun drafting detailed plans to adjust the country's digital asset regulatory framework within this year. Key measures include reforming the current "one exchange, one bank" practice and allowing the issuance of digital asset derivatives to boost market activity.
The Fair Trade Commission and the Financial Services Commission are currently negotiating the relaxation of major regulations related to digital assets. Research reports indicate that abolishing the "one exchange, one bank" model would enhance market competition and expand consumer benefits. In addition, the introduction of digital asset derivatives will transform the current spot-market-dominated trading structure and reshape competitive dynamics among exchanges.
The National Assembly also supports the activation of digital asset trading, with ruling and opposition parties coordinating on details of a proposed Digital Asset Basic Act, including issues such as shareholding limits for major exchange shareholders, the definition of digital assets, and the scope of application for licensing and registration systems.
