Victory for Crypto in Korea: Coinone Crushes Legal Challenge on 2X Bitcoin Withdrawal Limits

South Korea's crypto landscape just scored a major win—and TradFi banks won't like it.

Coinone, one of the country's 'Big 4' exchanges, just cemented its right to double Bitcoin withdrawal limits after a Seoul court dismissed banking partners' objections. The ruling sets a precedent that could force legacy institutions to stop gatekeeping crypto liquidity.

Behind the legal smackdown: Traditional banks had argued that increased withdrawal limits raised money laundering risks. The court saw through the FUD—noting Coinone's compliance with FSA-grade KYC checks since 2022.

What this really means? Another chink in the armor of financial dinosaurs trying to slow-roll crypto adoption. Meanwhile, Korean traders are celebrating with a 37% surge in BTC-KRW volume post-ruling (because nothing triggers FOMO like sticking it to the banks).

Final thought: When exchanges win battles against banking cartels, retail investors win the war. Just don't expect your traditional broker to mention this over their $25 latte.