South Korean financial authorities will release guidance on virtual asset lending in August
According to online reports, according to Yonhap News Agency, the Financial Committee and the Financial Supervisory Authority announced on July 31 that they would jointly form a working group with the Association of Digital Asset Exchanges (DAXA) and five virtual asset exchanges to develop virtual asset lending service guidelines. The guide is expected to be released in August and covers aspects such as leverage use regulations, applicable user scope, range of loanable assets, and risk notification. Financial authorities also asked exchanges to re-examine services that may pose risks of user loss or legal risks.
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