South Korean financial authorities will issue guidelines for virtual asset lending in August
2025-07-31 09:11:32
According to Yonhap News Agency, the Financial Commission and the Financial Supervisory Service announced on July 31 that they will form a working group with the Association of Digital Asset Exchanges (DAXA) and five virtual asset exchanges to develop guidelines for virtual asset lending services. The guidelines are expected to be released in August, covering the use of leverage, the scope of applicable users, the scope of borrowable assets, and risk notification. The financial authorities also asked exchanges to re-examine services that may have user loss risks or legal risks.
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