South Korea Caps Crypto Lending at 20% Interest, Bans Over-Collateralized Loans
2d ago•
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South Korea's Financial Services Commission implemented comprehensive crypto lending guidelines capping interest at 20% annually and banning over-collateralized loans after 27,600 investors borrowed 1.5 trillion won ($1.1 billion) in one month, with 13% facing forced liquidation due to market volatility.
2d ago•
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