TechFlow news, September 5 — According to TheBlock, South Korea's financial regulator has released new guidelines targeting crypto lending services offered by local cryptocurrency exchanges to strengthen investor protection. Under the new rules, interest rates for crypto lending are capped at 20%, and leveraged lending exceeding the value of collateral is explicitly prohibited.
In addition, the guidelines state that only cryptocurrencies ranked within the top 20 by market capitalization, or those traded on three or more platforms, may be used in lending services. These measures aim to regulate South Korea’s crypto lending market and reduce investor risks.
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