South Korea requires exchanges to suspend Crypto Assets lending services until new guidelines are established.

[South Korea requires exchanges to suspend crypto assets lending services until new guidelines are established] The Financial Services Commission (FSC) of South Korea has ordered local digital asset exchanges to suspend their encryption lending operations. The Financial Service Commission announced today that it has issued a notice to the exchange, which includes administrative guidance requiring the cessation of such services starting Tuesday, until the country develops a proper set of Crypto Assets lending guidelines.

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