South Korea asks exchanges to suspend cryptocurrency lending services until new guidelines are in place
TechFlame
2025-08-19 04:37
TechFlame2025-08-19 04:37
English
TechFlame reports that the Korea Financial Services Commission (FSC) has ordered local digital asset exchanges to suspend their cryptocurrency lending operations.
The Financial Services Commission announced today that it has issued a notice to the exchange containing executive guidance to stop such services starting Tuesday until the country establishes an appropriate set of cryptocurrency lending guidelines.