South Korea orders exchanges to halt crypto lending services until new guidelines established
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最新报道：South Korea's Financial Services Commission (FSC) has instructed local crypto exchanges to temporarily suspend digital asset lending services until regulatory guidelines are established. This follows exchanges like Upbit and Bithumb launching leveraged lending programs after the ruling party proposed allowing such services. The FSC warned these operations exist in a legal gray zone, with 13% of 27,600 borrowers facing liquidations in one platform's first month. The regulator noted USDT lending caused price instability on exchanges. While enforcing the suspension, the FSC will permit existing contract settlements and plans to develop formal lending rules, signaling South Korea's broader shift toward crypto market integration, including institutional trading and potential spot ETFs.
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