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BTCC / BTCC Square / Global Cryptocurrency /
South Korea Cracks Down on Crypto Exchanges, Halts Lending Operations

South Korea Cracks Down on Crypto Exchanges, Halts Lending Operations

Author:
Global Cryptocurrency
Published:
2025-08-19 10:02:02
25
1
BTCCSquare news:

South Korea's Financial Services Commission has ordered major cryptocurrency exchanges to suspend digital asset lending services, citing regulatory ambiguities and systemic risks. The move underscores growing scrutiny of crypto platforms in one of Asia's most active retail trading markets.

While the directive doesn't name specific exchanges, the decision could impact domestic platforms servicing Korea's $20 billion daily crypto volume. Market observers note the action follows similar lending service suspensions by global exchanges after the 2022 credit crisis.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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