South Korea's FSC halts encryption lending; exchange-related services to be suspended starting 2025.

On August 19, according to reports, the South Korean Financial Services Commission (FSC) has ordered local crypto asset exchanges to suspend lending services starting from August 19, 2025. The Financial Management Commission stated that the suspension measures will last until the official guidelines for crypto asset lending are issued.

The regulatory agency pointed out that there is legal uncertainty and risk of user losses in lending services, and noted that in the first month after a digital asset company launched its lending service, approximately 27,600 investors borrowed 1.5 trillion won (1 billion USD). The Financial Services Commission stated that 13% of these borrowers were forced to liquidate due to price fluctuations.

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MEVSandwichvip
· 2h ago
Good time to play people for suckers
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FarmToRichesvip
· 08-19 08:27
Suckers are too tender.
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ImpermanentPhilosophervip
· 08-19 08:21
What is not afraid of liquidation is the real suckers.
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MetaverseVagrantvip
· 08-19 08:14
Borrowing money to engage in Cryptocurrency Trading is indeed a move.
View OriginalReply0
MetaverseMigrantvip
· 08-19 08:12
Good! South Korea is taking regulatory action again.
View OriginalReply0
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