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.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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 CointelegraphRelated market context
Binance’s $6.3 Billion Hack Has South Korea Asking Exchanges to Hold More Crypto Offline
At an emergency meeting on Nov. 2, South Korea’s Financial Services Commission asked major crypto exchanges to move more customer...
South Korean Regulator Demands Tighter Cold-Wallet Controls for Crypto Firms
South Korean financial regulators have called for increased cold wallet storage and tighter internal access controls just days aft...
South Korea may delay crypto tax for Digital Asset Basic Act passage
Delaying the crypto tax for regulatory clarity may boost market confidence, fostering innovation and potentially influencing globa...
South Korea ruling party proposes crypto tax delay to 2029 for market readiness
The proposed crypto tax delay in South Korea could boost market confidence, fostering investment and growth in the digital asset s...
South Korea’s FSC weighs raising exchange cold wallet requirement to about 99%
Increasing cold wallet requirements could enhance security but may raise operational costs and impact liquidity for crypto exchang...
South Korea orders massive crypto wallet lockdown following the Binance hack
The FSC also requested stronger transfer monitoring, response staffing and reserves, while exchange implementation and any new cus...