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 Services Commission (FSC), released new guidelines for lending services on centralized cryptocurrency exchanges (CEXs).

This includes pegging interest rates at 20% and restricting the use of only the top digital assets

Crypto Lending Guidelines Give Responsibilities to Crypto Exchanges

According to the FSC, crypto lending interest in South Korea is now capped at 20%. Lending is limited to tokens within the top 20 by market capitalization an

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