South Korea Halts All Crypto Lending After 13% of Borrowers Liquidated in One Month

South Korea’s top financial regulator slammed the brakes on crypto lending. The Financial Services Commission (FSC) has ordered all domestic crypto exchanges to immediately suspend their newly launched lending services, citing major risks to investors. The Financial Services Commission (FSC) confirmed that it has issued administrative guidance to major exchanges, instructing them to halt operations […] The post South Korea Halts All Crypto Lending After 13% of Borrowers Liquidated in One Month appeared first on Coin Edition.