TechFlame reports that according to Newsprime, South Korea's financial supervisory authority issued the first virtual asset lending service guide. Due to increased competition on exchanges, investors' risks have increased, and the supervisory authorities have completely banned leverage and cash loans, and set personal limits and handling fee caps to block similar short selling practices. The Korea Financial Services Commission announced on the 5th that it will implement the self-regulatory “Virtual Asset Lending Business Guidelines” drawn up by the Financial Supervisory Service and DAXA. The new guide revolves around three main pillars: 1. Limited scope of services, user protection and market stability. 2. Over-leveraged loans and Korean won cash loans are prohibited. Services using own assets are required for transactions. 3. Third party entrustment or indirect borrowing models are prohibited.