South Korean Regulators Require Domestic CEXs to Halt Lending Services Starting Today

By: theblockbeats.news|2025/08/19 16:42:07

0

Share

copy

BlockBeats News, August 19th: According to The Block, the Financial Services Commission (FSC) of South Korea has ordered local cryptocurrency exchanges to suspend their lending services starting from August 19, 2025. The Financial Supervisory Service stated that the suspension will remain in effect until official guidelines on cryptocurrency lending are established.

The regulatory agency noted that lending services carry legal uncertainties and user loss risks. It was highlighted that approximately 27,600 investors borrowed 15 trillion Korean won (10 billion USD) in the first month after a digital asset company launched its lending service. The Financial Supervisory Service stated that 13% of these borrowers were forced to liquidate their positions due to price fluctuations.

You may also like

Advantages and Challenges of Modern Cryptocurrency Trading Platforms

Advantages and Challenges of Modern Cryptocurrency Trading Platforms

Key Takeaways: Modern cryptocurrency trading platforms offer enhanced security measures to protect user assets. User-friendly interfaces and comprehensive…

Original Article Unavailable: Bridging Cryptocurrencies and the Emerging Trends

Original Article Unavailable: Bridging Cryptocurrencies and the Emerging Trends

Key Takeaways Cryptocurrency markets are increasingly woven into the fabric of global financial systems. With advancements in blockchain…

Untitled

Untitled

I’m sorry, but I am unable to fulfill this request as it lacks specific content from the original…

The one who bought the Meta stablecoin Diem back in the day is a good friend of SBF.

The one who bought the Meta stablecoin Diem back in the day is a good friend of SBF.

The original idea was to combine a bank-licensed compliant entity with an underlying clearing network built over three years by a Silicon Valley giant, to enable seamless payments for everything you can imagine

February 25th Market Key Insights, How Much Did You Miss Out?

February 25th Market Key Insights, How Much Did You Miss Out?

1. On-Chain Funds: $32M inflow to Ethereum this week; $54.9M outflow from Arbitrum 2. Largest Price Swings: $SN115, $RAVE 3. Top News: Tonight's Circle and NVIDIA earnings reports, AI narrative's impact on crypto market sentiment under scrutiny

Dragonfly Partner Haseeb Conversation: The AI Apocalypse is Far Away; Smart Contracts are Machine-Destined Law

Dragonfly Partner Haseeb Conversation: The AI Apocalypse is Far Away; Smart Contracts are Machine-Destined Law

In the world of crypto, the first lesson you learn is the importance of "HODLing" on.

IOSG: DeFi Upward, User Downward; Curator's New Paradigm of CeDeFi

IOSG: DeFi Upward, User Downward; Curator's New Paradigm of CeDeFi

As DeFi matures and grows more complex, the Curator is becoming a key intermediary connecting risk and users.

DDC continues to advance its Bitcoin reserve strategy, with a total holding of 2118 BTC

DDC continues to advance its Bitcoin reserve strategy, with a total holding of 2118 BTC

DDC Enterprise Limited has today announced the additional purchase of 50 bitcoins, increasing its total bitcoin holdings to 2,118 bitcoins. This latest acquisition marks DDC's seventh consecutive week of executing its bitcoin accumulation plan. Based on its current holdings, DDC is ranked 34th in the global publicly traded companies bitcoin holdings list.

From Mining Enterprise to Infrastructure Builder, Bitdeer Unpacks the Survival Logic behind BTC

From Mining Enterprise to Infrastructure Builder, Bitdeer Unpacks the Survival Logic behind BTC

Profit margins nearing the red line, miners are starting to use Bitcoin as fuel.

How Can Agentic Commerce Empower AI to Start Making Money?

How Can Agentic Commerce Empower AI to Start Making Money?

The first wave of moneymaking AIs has arrived, which projects are worth paying attention to

February Correction: Is the Crypto Market Bottoming Out?

February Correction: Is the Crypto Market Bottoming Out?

Based on historical experience, the most intense phase of this downturn may be about to end.

AI Payments Through the Lens of Fintech Giants: Five Levels, Stablecoin Infrastructure, Next-Gen Globalized Commerce

AI Payments Through the Lens of Fintech Giants: Five Levels, Stablecoin Infrastructure, Next-Gen Globalized Commerce

Stripe took fifteen years to turn seven lines of code into a business empire that powers 1.6% of the global GDP. Its next move is to define the next generation of global business rules.

Zuckerberg Retweets Stablecoin, Can Meta Win This "Comeback Game"?

Zuckerberg Retweets Stablecoin, Can Meta Win This "Comeback Game"?

Compared to the Libra era of 2019 when it attempted to disrupt the global financial system, the 2026 Meta is demonstrating a more stable and compliance-oriented approach.

Polymarket New Rule Release: How to Build a New Trading Bot

Polymarket New Rule Release: How to Build a New Trading Bot

In 2026, a truly winning trading Bot is not the fastest taker, but the most excellent liquidity provider

Bitwise: The Institutional Wave is Here, So Why is the Market Still Sleeping?

Bitwise: The Institutional Wave is Here, So Why is the Market Still Sleeping?

There is a significant gap between the perceived cryptocurrency market and the actual cryptocurrency market.

WEEX LALIGA Partnership 2026: Where Football Excellence Meets Crypto Innovation

WEEX LALIGA Partnership 2026: Where Football Excellence Meets Crypto Innovation

WEEX becomes official crypto exchange partner of LALIGA in Hong Kong and Taiwan. Discover how this partnership brings together football excellence and trading discipline.

AI Apocalypse, a massive short squeeze

AI Apocalypse, a massive short squeeze

AI is not the doomsday prophecy, but the dawn of a new era of abundance stemming from the collapse of cognitive cost.

The "Second Truth" of the Luna Crash: Jane Street Exits Ahead of Plunge

The "Second Truth" of the Luna Crash: Jane Street Exits Ahead of Plunge

In the cryptocurrency industry that touts "decentralization," true asymmetry may have never disappeared.

Advantages and Challenges of Modern Cryptocurrency Trading Platforms

Key Takeaways: Modern cryptocurrency trading platforms offer enhanced security measures to protect user assets. User-friendly interfaces and comprehensive…

Original Article Unavailable: Bridging Cryptocurrencies and the Emerging Trends

Key Takeaways Cryptocurrency markets are increasingly woven into the fabric of global financial systems. With advancements in blockchain…

Untitled

I’m sorry, but I am unable to fulfill this request as it lacks specific content from the original…

The one who bought the Meta stablecoin Diem back in the day is a good friend of SBF.

The original idea was to combine a bank-licensed compliant entity with an underlying clearing network built over three years by a Silicon Valley giant, to enable seamless payments for everything you can imagine

February 25th Market Key Insights, How Much Did You Miss Out?

1. On-Chain Funds: $32M inflow to Ethereum this week; $54.9M outflow from Arbitrum 2. Largest Price Swings: $SN115, $RAVE 3. Top News: Tonight's Circle and NVIDIA earnings reports, AI narrative's impact on crypto market sentiment under scrutiny

Dragonfly Partner Haseeb Conversation: The AI Apocalypse is Far Away; Smart Contracts are Machine-Destined Law

In the world of crypto, the first lesson you learn is the importance of "HODLing" on.

Popular coins

Latest Crypto News

05:03

Perplexity unveils AI Capability Unified Management Platform Perplexity Computer

BlockBeats News, February 26th: Artificial intelligence search platform Perplexity AI has released its new flagship product, Perplexity Computer, as an AI capability orchestration platform. It supports end-to-end research, design, code writing, deployment, and management of any project. It can simul...

05:03

Brevis Upgrades to Pico Prism zkVM, Achieving 99%+ Ethereum Real-Time Proof on 16 GPUs

BlockBeats News, February 26th: According to official sources, Brevis has upgraded its Pico Prism zkVM, now requiring only 2 machines, 16 RTX 5090 GPUs to achieve over 99% Ethereum block real-time proving capability. This is a significant simplification compared to the solution announced in October ...

05:03

OpenClaw Founder: Privacy Fully Embraced, but Security Concerns Still Loom

BlockBeats News, February 26th, OpenClaw founder Peter Steinberger said in a recent interview that OpenClaw has the most thorough privacy solution at the moment, but security is another matter. Currently, all data is stored locally, with no content uploaded to the cloud, giving users full control ov...

05:03

Stripe Co-founder on Why SaaS Is Dead: Seeing No Slowdown in Growth Doesn’t Contradict a Gloomy Future

BlockBeats News, February 26th, John Collison, Co-Founder and President of Stripe, recently stated in an interview that there is absolutely no sign of a slowdown in the software industry's growth in the data, despite the talk of doom for SaaS (Software as a Service). On the contrary, growth in all a...

05:03

「pension-usdt.eth」 BTC Long Position Turns Loss into Gain and Fully Liquidates in a Short Period, with a previous scale of approximately $68.6 million

BlockBeats News, February 26, according to Coinbob Popular Address Monitor, in the past half an hour, the whale in the DeFi world, "pension-usdt.eth," has liquidated all of its approximately $68.6 million BTC long position, realizing a profit of about $590,000.The long position was opened three days...