[South Korea Introduces New Regulations on Virtual Asset Lending Services, Prohibits Excessive Leverage Lending] The South Korean Financial Services Commission has issued its first guidelines for virtual asset lending services, prohibiting excessive leverage and cash lending in Korean won. It requires exchanges to use their own assets to provide services while setting individual limits and fee caps. The new regulations were jointly developed by the Financial Supervisory Service and DAXA, aiming to restrict service scope, protect users, and maintain market stability. Additionally, third-party delegation or indirect lending models are prohibited.