South Korea Raises Concerns Over Crypto Lending and Margin Trading on Upbit and Bithumb

Regulatory bodies in South Korea have voiced apprehension regarding cryptocurrency lending and margin trading services offered by the Upbit and Bithumb exchanges. Reports indicate that the Financial Services Commission is closely scrutinizing these services due to the potential risks they pose to investors. The government aims to ensure investor protection and maintain market stability by examining these practices. Platforms may be required to implement additional risk management and disclosure measures to comply with evolving regulations. The future of these services in South Korea remains uncertain as regulators carefully assess their impact on the cryptocurrency market.