The Financial Services Commission of South Korea, that illustrious guardian of common sense-or so they fancy themselves-has dashed the hopes of aspiring digital tycoons by instructing all crypto exchanges to suspend lending operations. Until they can invent some official rulebook (surely a riveting read), not a single crypto loan may escape into the wild.
Apparently, a distressing 13% of borrowers have been nudged, poked, and ultimately thrown headlong into liquidation, all because the rules are about as clear as a foggy London night. If you already have a loan, you may tiptoe towards an extension or pay it back, but as for new loans-absolutely not, dear reader.
Should some daring exchange attempt to test the mettle of the authorities, they’ll be treated to that most thrilling of spectacles: an on-site inspection by officials whose fashion sense rivals their sense of purpose. So straighten your tie, lock the doors, and hide the Bitcoin-Big Brother’s coming, and he’s not bringing champagne. 🍾🔍
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2025-08-19 09:11