South Korea is set to abolish the "one exchange, one bank" restriction, paving the way for the legalization of cryptocurrency derivatives trading with corporate accounts. This move is part of broader reforms to the digital asset regulatory framework aimed at enhancing market competition and liquidity. The restriction, though not legally binding, has been enforced due to anti-money laundering concerns, limiting exchange competition and user options. The reforms will be integrated into the second phase of the Digital Asset Basic Law, with bipartisan support in the National Assembly for easing regulations. This initiative is expected to dismantle the current market monopoly and foster a more dynamic trading environment.