TechFlow, July 31 — According to Yonhap News Agency, the Financial Services Commission and the Financial Supervisory Service announced on July 31 that they will establish a working group together with the Digital Asset Exchange Association (DAXA) and five virtual asset exchanges to develop guidelines for virtual asset lending services. The guidelines are expected to be released in August and will cover aspects such as regulations on leverage use, eligible users, scope of lendable assets, and risk disclosures. Financial regulators also require exchanges to re-evaluate services that may pose risks of user losses or legal issues.
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