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News Explorer — South Korea Pauses Bitcoin Lender Approvals Amid Leverage Fears

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Aug 19, 4:18 pm
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South Korea Pauses Bitcoin Lender Approvals Amid Leverage Fears

South Korean financial authorities have suspended new crypto lending services due to a recent liquidation event at a local exchange, reflecting global concerns over excessive leverage in the digital asset market. The pause will last until Virtual Asset Rental Service Guidelines are established to enhance user protection.

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