Odaily Planet Daily reported that the Financial Services Commission and the Financial Supervisory Service of South Korea jointly established the "Virtual Asset Lending Service" Working Group (TF) with the Digital Asset Exchange Association (DAXA) and five major crypto exchanges today and held its first meeting, planning to formulate relevant regulatory guidelines.

The guidelines will draw on both overseas and local regulatory experience and cover topics such as leverage ratios, service targets, loanable asset ranges, user education, and risk warnings. They will also examine exchanges' internal control standards and high-risk services. The guidelines are expected to be released next month and incorporated into the second phase of virtual asset legislation. (Yonhap News Agency)