【South Korea to Promote "Short Selling of Virtual Currency" Legislation, Plans to Introduce Stock Market-Level Regulation】According to Golden Finance reports, as reported by Edaily, South Korean financial regulators plan to implement strict regulations on the "coin leasing" services of virtual currency exchanges, and will introduce regulatory measures comparable to those in the stock market in the second phase of virtual asset legislation. Currently, major exchanges such as Upbit and Bithumb have launched services that allow investors to borrow virtual currencies up to four times the collateral value, effectively creating a trading structure similar to stock short selling. Since 90% of the South Korean virtual asset market consists of individual investors, regulators are concerned that excessive leverage may pose serious risks. Experts are calling for the swift introduction of temporary guidelines before the legislation is completed (expected to take 1-2 years), to limit leverage levels and set participation eligibility criteria to prevent investor losses.