Korea Stops Local Exchanges From Crypto Lending Services

South Korea’s government requested local exchanges to stop crypto lending services that have been in place since last month. The Financial Services Commission and Financial Supervisory Service issued a press release on Tuesday. They said they sent an official letter asking local crypto exchanges to suspend new lending services until regulators finalize guidelines. Although Crypto Lending Was Successful Major South Korean crypto exchanges, including Bithumb and Upbit, launched the services on the 5th of last month source: https://beincrypto.com/korea-stops-local-exchanges-from-crypto-lending-services/