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South Korea Tightens the Screws: Crypto Exchanges Face Lending Shutdown in Regulatory Blitz
South Korea Tightens the Screws: Crypto Exchanges Face Lending Shutdown in Regulatory Blitz
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Seoul slams the brakes on crypto lending—exchanges scramble as regulators drop the hammer.
No more yield fantasies: South Korea’s Financial Services Commission (FSA) just axed crypto lending ops, citing 'systemic risks' (translation: we don’t trust your leverage games).
Local platforms got 48 hours to comply—some tried begging, others quietly off-ramped users. Meanwhile, decentralized protocols? Still humming along, because code doesn’t care about compliance theater.
Funny how traditional finance lectures crypto about 'risk management' while sitting on a $700 trillion derivatives time bomb. Priorities, right?
In the latest development in South Korea’s digital asset landscape, the Financial Services Commission has directed major crypto exchanges to temporarily halt cryptocurrency lending operations. Citing regulatory uncertainty and potential risks, the financial watchdog... Read More
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