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South Korean Financial Regulatory Authority Plans to Regulate Token Lending Services on Cryptocurrency Exchanges
Summary: According to reports, the South Korean financial regulatory authority is planning to introduce regulatory standards equivalent to those of the stock market for token lending services provided by cryptocurrency exchanges in the country. Currently, Bithumb offers token lending services with collateral values of up to 400%, while Upbit provides bitcoin lending services with collateral of ...
According to reports, the South Korean financial regulatory authority is planning to introduce regulatory standards equivalent to those of the stock market for token lending services provided by cryptocurrency exchanges in the country. Currently, Bithumb offers token lending services with collateral values of up to 400%, while Upbit provides bitcoin lending services with collateral of up to 80%. Financial authorities view these services as equivalent to short selling and are considering introducing corresponding regulatory measures in the ongoing second phase of virtual asset legislation.
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Link: South Korean Financial Regulatory Authority Plans to Regulate Token Lending Services on Cryptocurrency Exchanges [Copy]
