South Korea Cracks Down on Crypto Loans: No Leverage, No Fun, No Problem
On the fine, fine day of September 5 (mark it on your calendars, people), the FSC unveiled its new master plan to get crypto lending under control. It’s like a set of rules for a game no one actually wanted to play. Exchanges, through their self-regulation squad-DAXA-have now been told to stop offering leveraged loans and cap those sweet interest rates at 20%. All this comes after a month of regulators breathing down their necks like overzealous parent chaperones. 😬



