According to online reports, executives from South Korea's five major commercial banks (KB Kookmin Bank, Shinhan Bank, Asiana Bank, Woori Bank and Agricultural Cooperative Bank) met with members of the ruling party and demanded that regulations restricting cooperation between banks and cryptocurrency exchanges be relaxed. Woori Bank President Zheng Zhenwan specifically proposed that exchanges should be allowed to cooperate with multiple banks instead of the current "one exchange for one bank" model to reduce systemic risks and expand consumer choice. Currently, South Korean regulations require exchanges to cooperate with banks to provide fiat conversion services, and users need to register real-name bank accounts to use deposit and withdrawal services.