South Korea creates working group to develop recommendations for virtual asset lending
According to PANews, the Financial Services Commission of South Korea and the Financial Supervisory Service collaborated with the Digital Asset Association (DAXA) and five cryptocurrency exchanges to establish a working group. This group held its first meeting with the aim of creating recommendations for virtual asset lending services. The working group will take into account international standards, stock market oversight, and the unique characteristics of the South Korean market to develop a fundamental regulatory framework.$ETH
