According to Newsprime, South Korea's financial regulator has issued the first guide to virtual asset lending services. Due to the increased risk of investors due to increased competition on exchanges, regulators have completely banned leveraged and cash lending, and set personal limits and fee caps to block similar selling short behavior.
The Financial Commission of Korea announced on the 5th that it will implement the self-regulatory "Virtual Asset Lending Business Guidelines" developed by the Financial Supervisory Service and DAXA. The new guidelines revolve around three core areas:
1. Service scope limitations, user protection, and market stability.
2. Excessive leveraged lending and Korean won cash lending are prohibited, and transactions require the use of own assets for services.
3. Prohibit third-party entrusted or indirect lending models.
South Korea's financial regulator issues guidelines for virtual asset lending services, banning excessive leveraged lending
2025-09-05 03:04:12
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