RT BSCN (@BSCNews)SOUTH KOREA ORDERS EXCHANGES TO HALT CRYPTO LENDING- South Korea’s Financial Services Commission (FSC) ordered domestic exchanges to suspend all crypto lending programs starting Tuesday.- The regulator said the products operate in a legal gray zone and pose risks of user losses. Exchanges must comply or face on-site inspections.- The crackdown follows the rapid rise of lending services launched in July. Upbit allowed users to borrow up to 80% of their deposits against BTC, XRP, or USDT. Ri ...

COMMENT: The regulator stated that these products exist in a legal gray area and could lead to user losses, warning exchanges to comply or risk on-site inspections.BSCN (@BSCNews):SOUTH KOREA ORDERS EXCHANGES TO HALT CRYPTO LENDING- South Korea’s Financial Services Commission (FSC) ordered domestic exchanges to suspend all crypto lending programs starting Tuesday.- The regulator said the products operate in a legal gray zone and pose risks of user https://t.co/qyar606noE ...

SOUTH KOREA ORDERS EXCHANGES TO HALT CRYPTO LENDING- South Korea’s Financial Services Commission (FSC) ordered domestic exchanges to suspend all crypto lending programs starting Tuesday.- The regulator said the products operate in a legal gray zone and pose risks of user losses. Exchanges must comply or face on-site inspections.- The crackdown follows the rapid rise of lending services launched in July. Upbit allowed users to borrow up to 80% of their deposits against BTC, XRP, or USDT. Rival Bithumb offere ...

🚨UPDATE: SOUTH KOREA’S FSC ORDERED LOCAL EXCHANGES TO HALT ALL CRYPTO LENDING SERVICES STARTING TODAY, UNTIL NEW RULES ARE IN PLACE ...

South Korea orders exchanges to halt crypto lending services until new guidelines established https://t.co/TSJITEIsNF ...

South Korea Flags Upbit and Bithumb's Crypto Lending, Margin Trading Services► https://t.co/1ARIhfutNd https://t.co/1ARIhfutNd ...