South Korea Slams Brakes on Crypto Lending as Market Leverage Ignites Regulatory Firestorm
Seoul throws cold water on crypto's leverage party—regulators just pulled the plug on lending services nationwide.
The Margin Call Heard 'Round the Peninsula
Financial watchdogs aren't playing nice with unchecked borrowing anymore. They spotted retail piling into leveraged positions like it's 2021—and decided to cut the cord before things get ugly. No more 'yield' from lending your bitcoin to degens, at least not through licensed platforms.
Same Old Song, Just a Faster Beat
Sound familiar? It should. Regulators hate nothing more than seeing mom-and-pop investors getting rekt on margin. South Korea's no different—just moving quicker than most. They'd rather be accused of overreach than let another Luna-style collapse blow up on their watch.
Finance's Least Surprising Plot Twist
Because nothing says 'healthy market' like watching your life savings get 10x leveraged into oblivion. Who could've predicted that mixing crypto and loans might end badly? Besides, you know, everyone with a functioning memory.
