South Korea directs crypto exchanges to halt new lending products

South Korea’s financial regulators have issued administrative guidance telling crypto exchanges to halt the launch of new lending products, Edaily reported. The move follows concerns that leveraged high-risk products are being offered without sufficient safeguards, raising the risk of investor losses and market volatility. Regulators warned that if some firms ignore the guidance and users are harmed, they will respond with on-site inspections and other supervisory measures.