A South Korean court has ruled in a virtual asset lending dispute that the interest rate caps stipulated in the Lending Business Act and the Interest Restriction Act do not apply to virtual assets. It is reported that the plaintiff accused the defendant of not repaying his bitcoins after the repayment period had passed, and the defendant claimed that the plaintiff violated the Loan Business Act and the Interest Limitation Act. The court ruled in both the first instance and the second instance in favor of the plaintiff, stating that “the subject matter of the contract between the two parties is bitcoin, not currency, so the Lending Business Law and the Interest Limitation Law, which limit the maximum interest rate, do not apply.”