The post South Korea Halts Crypto Lending After $1.1B Boom Sparks Liquidations appeared first on Coinpedia Fintech News
South Korea’s crypto market just hit the brakes. The country’s top financial regulator, the Financial Services Commission (FSC), has ordered local exchanges to suspend all crypto lending services starting Tuesday, citing legal uncertainty and mounting investor risks. Why the Sudden Suspension? According to the FSC, lending products offered by exchanges were operating in a “legal …