🇰🇷 South Korea tightens crypto lending regulations - lessons from Luna
📌 After the Terra–Luna crash, South Korea sees this as a wake-up call: The lack of a legal framework can lead to excessive leverage and widespread losses.
📌 The government has set a cap on interest rates at 20% per year, banned leverage exceeding collateral, allowed lending only with top coins, and required exchanges to use their own capital for lending.
📌 New borrowers must undergo training & suitability assessments, with borrowing limits tied to experience and trading history.
👉 South Korea is concerned that a heated market could pose a risk of repeating the Terra–Luna tragedy.
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