🇰🇷 South Korea Steps Up: Virtual Asset Lending Rules Incoming! 💥
🚨 Big move from Seoul! The Financial Services Commission, Financial Supervisory Service, and top crypto exchanges (incl. Upbit, Bithumb, Korbit) have formed a task force to shape the future of crypto lending in South Korea.
What's coming?
Strict guidelines on leverage, who can lend/borrow, and what assets qualify
Mandatory risk disclosures and user education
Internal control checks for exchanges to stop shady practices
Rules inspired by global standards but tailored to the Korean crypto scene
Regulators are pushing for transparency, safety, and long-term growth in digital asset lending.
The final blueprint drops next month—and it’s going to be a game-changer for lenders, borrowers, and investors.
This isn’t just regulation—it’s the foundation for a smarter, safer, and scalable DeFi future in Asia.
Stay tuned. South Korea may just set the standard the rest of the world follows.