South Korea’s regulatory landscape for cryptocurrencies is taking a significant step forward with major exchanges facing restrictions on lending operations. The Financial Services Commission (FSC) has directed these […]
South Korea Halts New Crypto Lending Services Amid Market Turmoil
South Korea has abruptly suspended new crypto lending services provided by domestic exchanges following a significant rise in borrowing and resulting market instability. The Financial Services Commission (FSC) […]
South Korea Halts Crypto Lending Services Amid Market Disruption
South Korea has suspended new crypto lending services following a $1.1 billion borrowing surge that triggered market turbulence, including forced liquidations and instability in stablecoins. The Financial Services […]
South Korea Imposes Ban on Cryptocurrency Lending – Impact on Exchanges
South Korea has taken a decisive step towards strengthening its regulatory grip on the cryptocurrency sector by imposing a strict ban on crypto lending services. This move, aimed […]
South Korea Shuts Down New Crypto Lending Services Amidst Risk Concerns
South Korea’s top financial regulator has ordered cryptocurrency exchanges to halt new digital asset lending services, citing growing risks and the need for clearer rules. The Financial Services […]
South Korea to Enact Stablecoin Regulations in October
South Korea is set to unveil a new law regarding stablecoins, with the Financial Services Commission (FSC) preparing for parliament’s potential vote as early as October. This move […]
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. […]
South Korea Halts Crypto Lending Amid Regulatory Concerns
South Korean regulators have ordered an immediate halt to crypto lending through local exchanges, citing regulatory uncertainties and the growing trend of borrowing activity on platforms like Upbit […]
South Korea Suspends Crypto Lending to Protect Investors
In a move aimed at safeguarding its citizens from potential financial risks, the Financial Services Commission (FSC) of South Korea has issued a directive requiring cryptocurrency exchanges to […]
South Korea Suspends Crypto Lending Amidst Market Volatility
South Korea has halted cryptocurrency lending services as of this Tuesday, following directives from the Financial Services Commission (FSC). This measure aims to curb losses and promote market […]
South Korea Bans Crypto Lending, Protecting Investors from Risk
In a move aimed at safeguarding investors, the South Korean Financial Services Commission (FSC) has implemented an immediate halt to all crypto lending operations on domestic exchanges. The […]
South Korea Halts Crypto Lending Services Amidst Uncertainty and Fraud Concerns
The South Korean Financial Services Commission (FSC) has ordered all local cryptocurrency exchanges to halt their lending services, effective immediately. This move comes after the FSC expressed concerns […]
South Korea Paves Cautious Path for Won-Based Stablecoin
Major South Korean banks are developing a phased introduction of a won-based stablecoin, aiming to enhance financial stability through regulatory control. This initiative prioritizes KYC compliance for large […]
South Korea Halts Crypto Lending, Emphasizing User Protection
The South Korean Financial Services Commission (FSC) has ordered cryptocurrency exchanges to halt lending services, signaling a move to prioritize user safety amid legal uncertainties in the crypto […]
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 […]