PANews reported on July 22 that according to Edaily, South Korea's financial regulators plan to introduce regulatory standards equivalent to the stock market for token lending services provided by the country's crypto exchanges. Currently, Bithumb provides token lending services up to 400% of the collateral value, while Upbit provides Bitcoin lending services up to 80% of the collateral. Financial authorities believe that such services are essentially equivalent to short selling, and are considering introducing corresponding regulatory measures in the second phase of virtual asset legislation.