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South Korea caps crypto lending rates at 20%, bans leveraged loans

South Korea’s Financial Services Commission introduced new rules for crypto lending, banning leveraged loans, capping interest at 20% and restricting use to the top coins.

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Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

South Korea caps crypto lending rates at 20%, bans leveraged loans

South Korea’s Financial Services Commission introduced new rules for crypto lending, banning leveraged loans, capping interest at 20% and restricting use to the top coins.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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