South Korea is instituting stringent regulations for cryptocurrency lending, aimed at addressing financial risks in the digital currency market. The Financial Services Commission (FSC) unveiled guidelines to manage credit services by centralized crypto exchanges, imposing a 20% cap on interest rates and banning leverage beyond collateral value.
Continue Reading:South Korea Imposes Tough Crypto Lending Rules
Source: https://en.bitcoinhaber.net/south-korea-imposes-tough-crypto-lending-rules
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