Key NotesIn a newly released guideline, the South Korean regulator has mandated exchanges to peg crypto lending interest at 20%.Lending is now restricted...
South Korea will implement the Organization for Economic Cooperation’s (OECD) Crypto-Asset Reporting Framework (CARF) starting next year. The country’s Ministry of Strategy and...
Coinbase, the world’s third-largest cryptocurrency exchange by volume, has come under a wave of threats from North Korean hackers seeking remote employment with...
Quick HighlightsFSC suspends new crypto lending, citing investor risk and lack of regulation.Exchanges can maintain existing loans but may not issue new ones....
In brief
South Korea has temporarily suspended new crypto lending services, citing a lack of user protection.
This development comes after a recent incident at...
South Korea’s Financial Services Commission (FSC) has ordered exchanges to suspend new crypto lending products until formal guidelines are in place, citing mounting...
