In brief
- South Korea has temporarily suspended new crypto lending services, citing a lack of user protection.
- This development comes after a recent incident at Bithumb that resulted in widespread liquidations.
- Analysts suggest the accumulation of leverage has made the crypto market more fragile and susceptible to liquidation risks.
South Korean financial authorities have temporarily suspended new crypto lending services in a direct response to a major liquidation event at a local exchange.
This move highlights growing global concerns over excessive leverage in the digital asset market.
The decision by the country’s Financial Services Commission (FSC) follows a recent incident at Bithumb, where regulators noted that more than 27,000…
Aug 19 2025
