South Korea Temporarily Halts New Crypto Lending Services

South Korea’s financial regulator, the Financial Services Commission (FSC), has imposed a temporary halt on new crypto lending services to address concerns about consumer protection and market risks. The move comes as the country seeks to ensure that its digital asset sector operates within clear regulations. The FSC issued an interim administrative order, instructing all local exchanges to suspend new lending operations until formal guidelines are finalized. This action is part of a broader effort to bring the rapidly evolving cryptocurrency industry under stricter oversight. )