US EditionCrypto Platforms Hit Hard: South Korea Blocks Lending Services
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9 Articles
Krypto-Lending is a hot iron – now the South Korean Financial Supervisory Authority is putting a stop to the business at short notice. Source: BTC-ECHO BTC-ECHO
Bitcoinist
Crypto Platforms Hit Hard: South Korea Blocks Lending Services
South Korea’s financial regulator has ordered a stop to all crypto lending on local exchanges, saying the fast-growing products lack proper rules and pose risks. The Financial Services Commission (FSC) issued administrative guidance that takes effect immediately and will stay in place until new lending rules are written. Regulator Moves To Halt Crypto Lending According to the FSC, exchanges must suspend services that let users borrow against cry…
South Korea’s FSC Cracks Down on Crypto Lending, Orders Exchanges to Suspend Services
The South Korean Financial Service Commission (FSC) has temporarily put an end to all crypto lending services within the country. According to the details shared, the FSC highlighted that since the introduction of the crypto lending services, about 13% of investors have faced price liquidation, which in turn has affected the stability of stablecoin prices within the country. Over the years, different countries and continents continue to make the…
South Korea orders crypto platforms to suspend lending services
South Korea has cautioned cryptocurrency exchanges against offering new virtual asset lending options. On Tuesday, the Financial Services Commission of South Korea (FSC) sent a letter to exchanges operating in the country with directives to suspend crypto lending services. According to the statement, the regulator told the cryptocurrency exchanges to halt the offering until it introduced its regulatory framework for the digital assets sector. T…
[Digital Daily Reporter Park Ki-rok] Services that allow virtual asset exchanges to lend virtual assets to users using virtual assets or deposits as collateral have been temporarily suspended. On the 19th, the Financial Services Commission announced that it had sent an administrative guidance letter to virtual asset exchanges requesting that they suspend new virtual asset lending services from that day until separate guidelines are established. …
South Korean Crypto Exchanges To Stop Lending With Immediate Effect
The South Korean Financial Services Commission (FSC) has ordered Korean crypto exchanges to stop lending with immediate effect. This move comes in as the financial authority attempts to control some of the risky lending practices in its digital asset sector. On 19 August 2025, the financial regulatory body confirmed this news and formally issued administrative guidance requiring crypto exchanges to cease all lending operations involving fiat or …
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