According to Foresight News, representatives from South Korea's major commercial banks, including KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH Nonghyup Bank, along with executives from Jeonbuk Bank and internet bank Toss Bank, met with members of the National Assembly committee to propose increased collaboration with various cryptocurrency exchanges.
Woori Bank CEO Jeong Jin-wan emphasized the need to revise the current 'one exchange, one bank' virtual asset system. He argued that this system poses risks to stability and limits consumer choice and business opportunities. Jeong advocated for a model where a single exchange could partner with multiple banks, thereby enhancing flexibility and security in the financial ecosystem.