Search results for "KOREA"
06:30

South Korea will limit the interest rate cap on cryptocurrency lending to 20% and prohibit leveraged lending.

According to ChainCatcher news reported by TheBlock, South Korean financial regulators have issued new guidelines for lending services at local crypto asset exchanges to enhance investor protection. Under the new regulations, the upper limit for crypto asset lending interest rates is set at 20%, and leveraged lending beyond the value of the collateral is explicitly prohibited. Furthermore, the guidelines state that only the top 20 crypto assets by market capitalization or crypto assets traded on three or more platforms can be used for lending services. These measures aim to regulate the South Korean crypto asset lending market and drop investor risks.
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04:51

Nobody Sausage(NOBODY) will be launched on Gate on September 4th, and early staking of GT can share a total of 540,000 Airdrop.

According to Gate News bot, as per the announcement on September 3, 2025, Gate will launch Nobody Sausage( NOBODY) Token spot trading on September 4, 2025, at 18:00 UTC+8 and will start the 307th Launchpool event. Gate will launch a 3-day Launchpool event from September 3, 2025, 18:00 to September 6, 2025, 18:00 ( UTC+8 ), users can participate in mining by staking GT, with a total airdrop amount of 545,157 NOBODY Tokens. Nobody Sausage is an IP project with over 33 million fans and 3.5 billion views, developed on the Solana blockchain, with a total token supply of 1 billion. The project has a wide-ranging influence globally and has held offline events in locations such as Seoul Airport in South Korea.
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NOBODY-11.67%
GT-2.6%
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07:27

PCI (Paycoin) rose 23.12% in the last 24 hours.

Gate News Bot news, August 29, according to CoinMarketCap data, as of the time of this report, PCI (Paycoin) is currently priced at $0.11, having risen 23.12% in the last 24 hours, reaching a high of $0.13 and a low of $0.08. The current market capitalization is approximately $112 million, an increase of $21.11 million compared to yesterday. Currently, PCI ranks 342nd in global Crypto Assets market capitalization. Important news about PCI recently: 1️⃣ **South Korea's largest blockchain payment protocol expands into the international market** Paycoin, as the largest blockchain payment protocol in South Korea, is actively expanding its business scope, extending services beyond the South Korean market. This strategic initiative is expected to significantly enhance the application scenarios and user base of PCI, providing support for its value rise. 2️⃣ **Market
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BOT16.86%
07:20

The South Korean stock market ended a four-month rise due to concerns over market reforms.

Jin10 data reported on August 29, South Korea's stock market ended a four-month rise on Friday, which was driven by hopes for market reforms under the new government leadership. The KOSPI index closed down 10.31 points (0.32%) at 3186.01, a cumulative decline of 1.83% this month. The index has still risen over 30% this year to date, making it the best-performing index among emerging markets in Asia. The index began to rebound in April after the former South Korean president was dismissed for attempting to implement martial law in December to resolve political uncertainty. South Korean President Lee Jae-myung's commitment to market reforms has pushed it to its highest level in four years. However, following the government's proposal to increase taxes on stock investments at the end of July, investor skepticism has increased. New Korea Securities analyst Lee Jae-won stated, "If the government changes its policy, after this month's range fluctuation trend, the KOSPI index will be able to..."
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07:19

Korea's National Tax Service: Due to the pump of encryption assets, the amount of overseas financial account declarations has risen by 46% compared to last year.

The South Korean National Tax Service report shows that this year, 6,858 people declared overseas financial accounts worth 945 trillion won, with both the number of declarations and the amount significantly increasing compared to last year. The main reason is the rise in encryption asset values, with declarations for virtual assets and stock accounts also on the rise.
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03:16

The South Korean opposition party is promoting a legal framework for the Korean won stablecoin.

Golden Finance reports that South Korea's opposition party, the People Power Party (PPP), has listed a bill to establish a legal framework for the issuance of a stablecoin pegged to the Korean won as a top legislative agenda for the September National Assembly meeting. The legislation aims to establish legal guidelines for the issuance and circulation of stablecoins linked to the Korean won, which may promote the development of the South Korean crypto market in a more regulated environment.
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02:28

South Korea plans to issue a record amount of government bonds in 2026 for budget financing.

Jin10 data reported on August 29 that South Korean officials stated that South Korea will issue a record 232 trillion won in bonds by 2026 to fund President Lee Jae-myung's expansionary fiscal agenda, with government spending expected to rise by 8.1% compared to this year. Of the total, 115.7 trillion won will be new net issuance of bonds. The government originally planned to issue 201.3 trillion won in national bonds this year, but after two supplementary budgets, the scale of bond issuance has increased to 231.1 trillion won. In addition to national bonds, South Korea will also seek parliamentary approval in 2026 to issue 1.4 billion dollars in offshore bonds and 13.7 trillion won in domestic currency-denominated forex stabilization bonds. The scale of national bonds is basically in line with strategists' expectations. Previously, iM Securities predicted an issuance scale of around 233 trillion won, while Citigroup's forecast was around 220 trillion won.
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01:00

The Central Bank of Korea proposed to provide Central Bank support for stablecoins.

According to Jinse Finance, at a joint event that brought together the industry and academia, focusing on the topic of stablecoins, the head of the South Korean Central Bank Digital Currency Research Laboratory expressed his views on stablecoins, stating that stablecoins need to obtain support and protection from the central bank. South Korean central bank official Yun Sung-guan stated: "Stablecoins are not a new type of currency, but a product of tokenization of existing currencies on a Distributed Ledger." He further added: "To achieve stable operation, support and protection from the central bank is still required in the end."
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01:37

The Korean Central News Agency condemns Lee Jae-myung's remarks during his visit to the U.S., reiterating that North Korea's nuclear policy remains unchanged.

Jin10 data reported on August 27th that the Korean Central News Agency published a commentary article on August 27th, condemning South Korean President Lee Jae-myung. The article states that during his visit to the United States, South Korean President Lee Jae-myung made statements on the 25th such as "the modernization of the ROK-US alliance will be achieved as the security environment changes" and "the ROK and the US will respond strongly to provocations from North Korea." The article claims that although South Korea has undergone more than a dozen regime changes, the anti-North Korea tone has not changed at all, and Lee Jae-myung's administration is no exception. Lee Jae-myung's remarks abroad prove that the North's understanding and judgment are correct, and South Korea's attempts to confront North Korea will never change. North Korea will never give up its national dignity and system—the position on nuclear weapons is absolutely unchanged. South Korea still harbors erroneous expectations regarding "denuclearization," which is an extremely absurd delusion.
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00:45

Lee Jae-myung: South Korea will play a leading role in maintaining security on the Korean Peninsula.

Jin10 Data, August 26 - On August 25, local time, South Korean President Lee Jae-myung, who is visiting the United States, stated during a speech that South Korea will play a leading role in maintaining security on the Korean Peninsula and will increase defense spending. Lee Jae-myung mentioned that the increased defense budget will be used to introduce cutting-edge science and technology and assets. Regarding the security issue on the Korean Peninsula, Lee Jae-myung called for Trump to meet with North Korean Supreme Leader Kim Jong-un. Trump responded by saying that meeting with Kim Jong-un is "a very good thing," and the U.S. side will promote relevant work, believing that the U.S. and South Korea can make significant progress on Peninsula affairs. After the meeting, Trump told reporters that he hopes to meet with Kim Jong-un within this year and emphasized that both sides maintain a good relationship.
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TRUMP9.49%
19:34

Trump said he does not mind renegotiating the US-Korea trade protocol.

Jin10 reported on August 26 that on August 25, local time, U.S. President Trump met with South Korean President Lee Jae-myung at the White House. Trump stated that he does not mind renegotiating the trade agreement with South Korea and is considering ordering some ships from South Korea. Previously, the U.S. and South Korea reached a trade agreement. According to the agreement, South Korea will provide the U.S. with $350 billion for investment projects owned and controlled by the U.S.
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TRUMP9.49%
01:32

The leaders of South Korea and Japan issued a joint press release emphasizing the steady advancement of bilateral relations.

South Korean President Lee Jae-myung and Japanese Prime Minister Shingo Nishida held talks in Tokyo on August 23, releasing a joint press statement, marking the first time in 17 years that South Korea and Japan have publicly announced the results of talks in this manner. Both sides agreed to resume "shuttle diplomacy" and steadily advance bilateral relations, including cooperation in security, hydrogen energy, and artificial intelligence, as well as expanding personnel exchanges.
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10:56

The leaders of Japan and South Korea have confirmed the expansion of the working holiday visa system.

Jin10 reported on August 23 that on the evening of August 23 local time, Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae-myung held a joint press conference after their talks. Both sides agreed to strengthen strategic communication in the fields of security and economy, and to promote cooperation in cutting-edge areas such as hydrogen energy and artificial intelligence. At the same time, the two leaders confirmed that they would expand the working holiday visa system.
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03:41

North Korean military condemns US-South Korea joint military exercises.

Jin10 reported on August 23 that the Korean Central News Agency stated that a spokesperson for the General Staff of the Korean People's Army issued a statement on the 22nd, condemning the large-scale joint military exercise "Ulchi Freedom Shield" conducted by the US and South Korea, calling the exercise highly provocative and aggressive, and stating that the US and South Korea are the "main culprits destroying peace on the Korean Peninsula."
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02:01

A fugitive involved in a $13 million Crypto Assets fraud case in South Korea was arrested after 5 years on the run for littering.

PANews, August 23 - According to the Korea Times, a man had been on the run for nearly five years for orchestrating a large-scale Crypto Assets scam worth 17.7 billion won (approximately $13.2 million), and was arrested by police in Seoul for littering. Investigators stated that the man defrauded about 1,300 people through Crypto Assets scams between 2018 and 2019, amounting to 17.7 billion won, and escaped in 2020. He was subsequently handed over to the Southern District Prosecutor's Office in Seoul, which has been responsible for the investigation.
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07:11

South Korea releases economic rise strategy, promoting AI transformation and super innovative economy.

Jin10 data reported on August 22, according to the Korean News Agency, the South Korean government announced the "New Government Economic Growth Strategy" on the 22nd, planning to promote enterprise-led "Thirty Major Technology Leading Projects" with the goal of "Artificial Intelligence (AI) Great Transformation" and "Super Innovative Economy". To this end, the government will provide comprehensive support in finance, tax system, finance, talent, regulation, site selection, and other aspects over the next five years, striving to achieve a potential economic growth rate of 3%. The South Korean government believes that the momentum for economic growth is weakening, and the next five years are the "last golden period" for achieving the AI Great Transformation. To support the relevant strategy, the government will establish a "National Growth Fund" with a scale of over 100 trillion won (approximately 515.8 billion yuan) to develop AI future strategic industries, energy infrastructure, and related technologies and venture capital enterprises.
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03:33

South Korean media: Lee Jae-myung meets Bill Gates

Jin10 Data, August 21 - According to Yonhap News Agency, South Korean President Lee Jae-myung met with Bill Gates, the founder of Microsoft, at the Blue House on the 21st. The report states that this is Bill Gates' first visit to South Korea in three years since 2022. On that day, Lee Jae-myung expressed deep respect for the philanthropic work that Bill Gates has done for the Earth and humanity, and the South Korean government will also make every effort to find ways to participate together. Bill Gates stated that the foundation will allocate approximately $200 billion over the next 20 years, focusing on global health, "South Korea can play a central role in this." Yonhap News Agency mentioned that Bill Gates will also participate in the recording of a popular variety show in South Korea during this visit.
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06:18

WazirX is close to obtaining legal permission, and the court is set to approve its resumption of trading.

Golden Finance reports that WazirX, India's largest Crypto Assets exchange, is on the verge of resuming trading as a restructuring plan progresses smoothly, and the exchange is currently awaiting court approval. The restructuring plan received overwhelming support, with 95.7% of voting creditors casting votes in favor, marking a crucial step in addressing the aftermath of the Hacker attack in July 2024. The attack resulted in the theft of $235 million, a significant portion of which flowed to North Korea.
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WRX28.39%
09:50

South Korean fashion platform Musinsa may seek a valuation of 10 trillion won for its IPO.

Jin10 data reported on August 18 that South Korean fashion platform Musinsa is considering an initial public offering (IPO) and has invited multiple investment banks to submit proposals to serve as the lead underwriter. The details of the IPO have not been disclosed, but South Korean media reports that the company may seek a valuation of about 10 trillion won (approximately $7.2 billion) and could go public as early as 2026 in South Korea or the United States. Musinsa operates the South Korean online fashion platform "Musinsa" and the women-focused "29cm," with monthly active users of approximately 7 million and 3 million, respectively. Musinsa's global store launched in 2022 has seen rapid growth, with a yearly increase in volume of 260%. As of the end of April this year, the platform's monthly active users have reached 3 million. According to company documents, Musinsa's sales increased by 25% to 1.2 trillion won last year, and operating profit turned from loss to profit at 102.8 billion won, with 17.6 billion won recorded in Q1 this year.
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08:19

South Korea's financial regulators plan to advance stablecoin legislation in October.

Gate News bot message, according to a report by The Block, the South Korean Financial Services Commission plans to submit a stablecoin regulation bill to the legislative body in October this year. The bill will be part of the second phase of the digital asset legal framework, involving requirements for stablecoin issuance, collateral management, and risk control. At the same time, the four major banks in South Korea are expected to meet with Heath Tarbert, the president of USDC issuer Circle, next week to discuss stablecoin cooperation. Notably, Japan is also expected to approve the issuance of its first yen stablecoin this fall.
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BOT16.86%
06:10

Korean media: Lee Jae-myung plans to send a special envoy to visit China.

South Korean President Lee Jae-myung plans to send a delegation to China around August 25, which may include former National Assembly Speaker Park Byeong-seok and Democratic Party lawmaker Kim Tae-nyeon, to commemorate the anniversary of diplomatic relations between South Korea and China. This move reflects Lee Jae-myung's emphasis on South Korea-China relations.
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06:01

The National Pension Service of South Korea doubles its investment in crypto assets stocks, with holdings reaching $556.7 million.

Golden Finance reports that the National Pension Service of South Korea has significantly increased its investments in crypto asset-related stocks, raising its open interest by 182% in the first half of this year to approximately $556.7 million. The report emphasizes that the fund's open interest in "Strategy" rose by 226%, while also holding substantial investments in companies like Coinbase, Block, and Robinhood.
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06:31

Viewpoint: Ethereum may unleash a "huge" wave of institutional capital after new regulations in Japan and South Korea.

BlockBeats news, on August 16, CNBC stated while analyzing the current pump of Ethereum that the main driving force behind the rise comes from institutional purchases, mainly from the United States. It is also important to note that Asia is embracing Ethereum, with Japan and South Korea being significant crypto markets in Asia, which may unleash a "huge" wave of institutional capital following the potential new regulations.
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ETH-3.57%
03:01

Global plastic governance negotiations have once again ended in failure.

Jin10 reported on August 16 that despite being postponed for a day, the new round of global plastic pollution governance negotiations failed to reach a Consensus on the 15th local time. This round of UN negotiations was supposed to be the final round of discussions aimed at establishing the first legally binding international protocol for plastic pollution (including marine plastic pollution). However, like last year's meeting in South Korea, the negotiations once again did not yield results. It is reported that the talks have stalled on key issues such as whether to limit the exponential rise in plastic production and whether to implement global legal constraints on toxic chemicals used in plastic manufacturing.
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06:08

The Korea-U.S. tariff negotiations are progressing positively, boosting confidence, with South Korean stocks and bonds receiving net purchases from foreign investors in July.

On the 12th, the Bank of Korea released data showing that due to positive prospects for the US-Korea tariff negotiations and good corporate performance, the net inflow of foreign investment in Korean securities and bonds reached $4.83 billion in July, marking three consecutive months of net inflows of foreign capital.
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22:12

The US and South Korea will hold joint military exercises; North Korea: strongly condemns and issues a stern warning.

Jin10 reported on August 11 that North Korean Defense Minister Ri Yong-gil made a statement on the 10th local time, condemning the upcoming "Ulchi Freedom Shield" joint military exercises between the U.S. and South Korea. The statement said that the U.S. and South Korea have unabashedly exposed their military confrontation stance against North Korea, which poses a serious challenge to the security environment of the Korean Peninsula and the region once again. The North strongly condemned the provocative actions of the U.S. and South Korea and issued a stern warning regarding the negative consequences that would result from them. Ri Yong-gil stated that flaunting military power to North Korea will backfire, making the security of the U.S. and South Korea even less secure.
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10:47

South Korea will still review the Capital Gains Tax plan.

According to a report by the Korean News Agency, South Korean officials have not yet completed discussions on the controversial Capital Gains Tax plan and will further review it. The report states that the ruling party and the government have indicated they will closely follow the developments. Previously, the ruling Democratic Party proposed lowering the threshold for stock capital gains tax from the current 5 billion won to 1 billion won; this plan has caused concern among South Korean investors and sparked widespread public opposition.
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07:09

The South Korean military stated that it has detected North Korea starting to dismantle its loudspeaker broadcasting facilities directed at South Korea.

Jin10 reported on August 9th that on the 9th local time, the South Korean military stated that it has detected North Korea beginning to dismantle its loudspeaker facilities aimed at South Korea. The Joint Chiefs of Staff of South Korea indicated that it still needs further confirmation whether North Korea will dismantle all loudspeaker facilities, and the South Korean military will continue to follow the movements of the North Korean army.
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00:16

The South Korean military said a North Korean personnel waded southward downstream of the Han River, with no response from the North.

Jin10 reported on August 7, local time, that according to the South Korean Joint Chiefs of Staff, the South Korean military discovered a North Korean individual crossing the Han River downstream on July 31. The South Korean army then monitored and controlled the individual, and subsequently transferred them to the relevant authorities. The South Korean military stated that there were no unusual movements from the North Korean side. There has been no response from North Korea regarding this matter.
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09:28

KakaoBank plans to enter the South Korean stablecoin market.

BlockBeats news, on August 6, according to The Block, KakaoBank's CFO Kwon Tae-hoon stated at the performance release meeting for the first half of 2025 that the bank is evaluating the issuance and custody business of digital assets and collaborating with Kakao Group's stablecoin working group. KakaoBank has accumulated experience in the issuance of real-name accounts on crypto assets trading platforms, AML monitoring, and other risk management aspects, and has participated in the Central Bank of Korea's central bank digital currency pilot project.
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05:17

M (MemeCore) has fallen 4.09% in the last 24 hours.

Gate News Bot news, on August 6th, according to CoinMarketCap data, as of the time of writing, M (MemeCore) is currently priced at $0.53, down 4.09% in the last 24 hours, with a high of $0.59 and a low of $0.31. The current market capitalization is approximately $835 million, a decrease of $35.6676 million from yesterday. It ranks 85th in market capitalization. MemeCore is the first L1 blockchain specifically designed for Meme 2.0. M (MemeCore) recent important news: 1️⃣ **Acquisition by Korean KOSDAQ-listed companies drives market capitalization growth** MemeCore recently acquired a KOSDAQ-listed company in South Korea, which helps enhance its influence and recognition in the Asian market, laying a solid foundation for future development. This move
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M2.38%
04:35

Korean media: The South Korean Presidential Office commented on the new Foreign Minister's remarks regarding China, emphasizing the necessity of communication and exchange with the Chinese side.

The South Korean presidential office stated that the new foreign minister, Park Jin, emphasized developing Korea-China relations based on the Korea-U.S. alliance. Despite existing differences, efforts will continue to ensure that the relationship benefits the people of both countries and is committed to regional stability and prosperity.
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09:06

The ruling party of South Korea will soon clarify its position on Capital Gains Tax.

Jin10 reported on August 4th that Jung Chung-rae, the leader of South Korea's ruling Democratic Party, stated that the party will soon determine its position on the Capital Gains Tax. During a meeting on Monday, Jung Chung-rae mentioned that the debate over the government's proposed Capital Gains Tax reform is heating up, but it is inappropriate for party members to publicly express differing opinions. Jung Chung-rae urged the party to prepare various proposals for internal debate while requesting that lawmakers refrain from publicly voicing their views.
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05:08

Slow fog: The hacker organization APT37 is hiding malware in JPEG image files to launch attacks.

PANews August 4 news, according to a Genians article cited by Slow Fog's Chief Information Security Officer 23pds, the North Korea-linked hacker group APT37 is hiding malware in JPEG image files to launch attacks. This malware uses a two-stage encryption shellcode injection method to hinder analysis, with attackers utilizing shortcut files with the .lnk extension, embedding Cmd or PowerShell commands within to execute the attack. Efficient EDR monitoring optimized for detecting abnormal endpoint behavior is now crucial.
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00:32

Trump imposed an additional 40% tariff on Brazil and reached a trade protocol with South Korea.

According to Golden Finance reports, the White House stated that Trump signed an executive order to impose an additional 40% tariff on Brazil, bringing the total tariff rate to 50%. In addition, Trump announced that a trade agreement had been reached with South Korea, which will impose a 15% tariff on goods exported to the U.S., while South Korea has committed to investing $350 billion in the United States.
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TRUMP9.49%
09:20

The South Korean financial regulatory agency reminds virtual asset exchanges of the risks of leveraged investments.

Gate News bot message, on July 25, the Financial Services Commission and the Financial Supervisory Service of South Korea convened a meeting of executives from the five major virtual asset exchanges, focusing on the cryptocurrency lending services recently launched by Upbit and Bithumb. The regulatory agencies expressed concerns about the potential legal disputes surrounding these services, insufficient user protection, and the impact on the operators' stability. Bithumb and Upbit launched Crypto Assets lending services on the 4th, allowing investors to engage in high-leverage investments and short-selling operations. This has raised the alert of regulatory authorities, especially considering that the current maximum leverage for ETF in the South Korean stock market is only 2 times. After the meeting, Upbit and Bithumb successively adjusted their lending services. In light of the ongoing controversy, financial authorities decided to jointly establish a special working group with the industry to formulate self-regulatory rules, according to Yonhap News.
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BOT16.86%
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