South Korea Halts New Crypto Lending Services: Regulatory Measures Aim to Enhance Investor Safety

South Korea’s financial authorities, including the Financial Services Commission (FSC) and Financial Supervisory Service (FSS), have imposed a halt on new crypto lending services for exchanges. This regulatory action seeks to mitigate investor risks associated with leveraged lending products, potentially impacting significant assets like Bitcoin and Ethereum. The move highlights South Korea’s continued efforts to tighten regulations within its cryptocurrency market.