South Korea caps crypto lending rates at 20%, bans leveraged loans

South Korea to Introduce New Rules for Crypto Lending

South Korea Financial Services Commission (FSC) has introduced new regulations for crypto lending platforms. According to the announcement, these rules aim to better protect consumers and improve transparency in the crypto market. The regulations will take effect soon as part of the country’s effort to regulate the fast-changing digital asset industry. Key Changes in Korea’s […] The post South Korea to Introduce New Rules for Crypto Lending appe…

South Korea Caps Crypto Lending Interest at 20%

The post South Korea Caps Crypto Lending Interest at 20% appeared on BitcoinEthereumNews.com. Key Notes In a newly released guideline, the South Korean regulator has mandated exchanges to peg crypto lending interest at 20%. Lending is now restricted to the top 20 coins or those listed on at least three won-based exchanges. Exchanges must use their funds to provide lending services. On September 5, the South Korean regulator, the Financial Servic…

South Korea bans leveraged crypto loans, sets 20% ceiling on rates

South Korean regulators have moved to quell a brewing risk in crypto exchanges. The new regime bans high-risk leveraged loans and institutes a strict 20% interest cap, citing serious concerns over investor protection and market stability. On September 5, South…

South Korea caps crypto lending rates at 20%, bans leveraged crypto loans

South Korea Bans Leveraged Crypto Lending, Caps Rates at 20%

South Korea’s Financial Services Commission (FSC) set new rules for crypto lending. The FSC said on Friday that interest on crypto lending is now capped at 20% in South Korea, and leveraged lending is not allowed. Crypto lending is restricted to the top 20 tokens by market capitalization or those listed on at least three won-based exchanges. The new rules follow late July reports that South Korea’s financial regulators had plans to release guide…

South Korea caps crypto lending rates at 20%, bans leveraged loans – MAXBIT

South Korea’s Financial Services Commission introduced new rules for crypto lending, banning leveraged loans, capping interest at 20% and restricting use to the top coins. South Korea’s Financial Services Commission (FSC) set new rules for crypto lending. The FSC said on Friday that interest on crypto lending is now capped at 20% in South Korea,...