🚨 SOUTH KOREA BANS NEW CRYPTO LOANS! 🚨
South Korea’s Financial Services Commission (FSC) has ordered all crypto exchanges to halt new lending services immediately.
👉 Why?
Too risky — thousands of investors already liquidated
Legally unclear — no clear framework yet
Upbit has already shut down USDT loans
Bithumb reduced loan limits & leverage drastically
📌 Regulators + exchanges are now working on new guidelines, expected by the end of August.
➡️ Until then, crypto loans are completely paused in South Korea.
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💬 What do you think?
Will strict rules make the market safer 🔒
Or will it slow down crypto adoption in Korea? 🚫
Drop your thoughts ⬇️