BITPRISMIA
South Korea is establishing a joint task force to develop comprehensive regulations for the crypto lending sector, aiming to enhance transparency, risk management, and investor protection while learning from past industry failures.
South Korea's Financial Supervisory Service (FSS) issued a warning to major crypto exchanges Upbit and Bithumb over their crypto lending services, citing legal risks and prompting immediate suspensions and regulatory actions.
Bithumb is discontinuing its lending services and transitioning to a coin rental service by July 29, 2024, as part of a strategic shift to enhance stability and regulatory compliance in the South Korean crypto market.
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South Korea is implementing new regulations for crypto lending services to protect investors and create a more secure and transparent digital asset market.
A South Korean man was fined for assaulting Delio CEO James Jung over significant crypto losses, highlighting broader challenges in the South Korean crypto market.
On July 1, 2025, lending platform Ledn shifted to a Bitcoin-only focus, aligning with institutional trends but posing new risks for Bitcoin lending due to market concentration and regulatory challenges.
Wintermute, a crypto market maker, secured a Bitcoin-backed credit line from Cantor Fitzgerald, signaling growing institutional involvement in crypto financing and its impact on market liquidity.
Wintermute has secured a Bitcoin-backed credit line from Cantor Fitzgerald as part of Cantor's $2 billion Bitcoin Financing Business initiative to support its capital-intensive OTC crypto trading operations.