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Tag: Government Rules

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Crypto Lending Revives in Korea Despite Stricter Government Rules

Coinone, Upbit, and Bithumb revive coin lending under FSC’s stricter oversight. New guidelines cap borrowing, restrict assets, mandate tests, and limit annual interest. Exchanges handle $5.26 billion daily, highlighting regulators’ cautious stance on leverage. Despite tighter oversight from South Korea’s financial authorities, leverage-driven “crypto lending” services resurface across domestic exchanges. Platforms like Upbit, Bithumb, and…
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