South Korean financial authorities warn of leveraged investment risks in virtual asset exchanges
2025-07-30 09:18:19
South Korean financial authorities recently summoned five virtual asset exchanges, including Upbit and Bithumb, to express strong concerns about their currency lending services, citing legal disputes and inadequate user protection measures. Regulators are particularly concerned about the possible risks of up to 4x leveraged investments. In response, Upbit has stopped the Tether lending service, while Bithumb said it has no plans to adjust. The financial authorities will form a working group with the industry to formulate self-regulatory rules before the relevant legislation is completed.
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