South Korea's Financial Supervisory Commission said on Friday that interest rates on cryptocurrency lending in South Korea are currently capped at 20 percent and that leveraged lending is not allowed. Cryptocurrency lending is limited to the top 20 tokens by market cap, or tokens listed on at least three won exchanges.
Previously, it was reported that South Korea's financial regulator plans to issue guidelines for cryptocurrency lending services to strengthen supervision and protect investors. Previously, some local cryptocurrency exchanges in South Korea have also launched leveraged lending services.
The FSC noted that the rule review was triggered by requests from financial services institutions given the lack of lending regulation. Exchanges must now also ensure that first-time borrowers have completed online training and suitability tests set up by the Digital Asset Exchange Alliance (DAXA), a local self-regulatory organization.
South Korea caps cryptocurrency lending rates at 20% and bans leveraged loans
2025-09-05 11:53:15
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
The US Senate Banking Committee is about to release a draft of market structure reformNext article：
Coinone 完成约 309 万美元虚拟资产出售
