South Korea caps crypto lending rates at 20%, bans leveraged loans

South Korea Sets Crypto Lending Rates at 20%

South Korea’s Financial Services Commission (FSC) has rolled out new rules that place tighter limits on the country’s booming crypto lending industry. Under the guidelines, lending platforms must cap annual interest rates at 20% and are no longer allowed to offer leveraged loans, where borrowers take out more than the value of their collateral to […]

New South Korea Rules Slash Crypto Lending Rates to 20%

The Financial Services Commission (FSC) announced new measures that put sharp limits on how exchanges can offer loan products, framing the move as a push to protect retail traders after months of scrutiny on local platforms. The centerpiece of the policy is a hard ceiling: interest on crypto loans cannot exceed 20%. Leverage is also being clipped — exchanges are forbidden from issuing loans worth more than the collateral posted by users. In addi…

South Korea to Introduce New Rules for Crypto Lending

South Korea Financial Services Commission (FSC) has introduced new regulations for crypto lending platforms. According to the announcement, these rules aim to better protect consumers and improve transparency in the crypto market. The regulations will take effect soon as part of the country’s effort to regulate the fast-changing digital asset industry. Key Changes in Korea’s […] The post South Korea to Introduce New Rules for Crypto Lending appe…

South Korea Caps Crypto Lending Interest at 20%

The post South Korea Caps Crypto Lending Interest at 20% appeared on BitcoinEthereumNews.com. Key Notes In a newly released guideline, the South Korean regulator has mandated exchanges to peg crypto lending interest at 20%. Lending is now restricted to the top 20 coins or those listed on at least three won-based exchanges. Exchanges must use their funds to provide lending services. On September 5, the South Korean regulator, the Financial Servic…

South Korea bans leveraged crypto loans, sets 20% ceiling on rates

South Korean regulators have moved to quell a brewing risk in crypto exchanges. The new regime bans high-risk leveraged loans and institutes a strict 20% interest cap, citing serious concerns over investor protection and market stability. On September 5, South…