Woori Bank CEO Jung Jin-wan is pushing for a change in South Korea's virtual asset exchange partnership rules. Currently, each crypto exchange can only partner with one bank. Jung Jin-wan argues this "1 exchange-1 bank" system poses risks to system stability and limits consumer choice. During a meeting with the People Power Party, he proposed introducing a "1 exchange-multiple bank" system. This would allow exchanges to work with several banks, fostering competition and potentially improving services. The current system, according to Jung, also restricts options for corporate clients dealing with virtual assets. A shift towards multiple banking partnerships could diversify risk and promote innovation within the South Korean crypto landscape. It remains to be seen whether regulators will heed Woori Bank's call for change. ```
