South Korea’s regulators are set to introduce comprehensive guidelines for crypto lending services, addressing investor protection amid rising market concerns.
South Korea’s Financial Services Commission and Financial Supervisory Service announced a joint task force to develop comprehensive guidelines for cryptocurrency lending services. The task force, which includes DAXA and five major exchanges, will focus on leverage limits, user eligibility, and risk disclosures. These guidelines are expected to be released next month, reflecting the government’s commitment to enhancing oversight in the crypto sector.