South Korea’s Financial Services Commission (FSC) has ordered exchanges to suspend new crypto lending products until formal guidelines are in place, citing mounting risks to users and market stability.Regulators pointed…
Stablecoin protocol USD.AI, which provides credit to artificial intelligence (AI) companies, has raised $13 million in Series A funding led by Framework Ventures. USD.AI, developed by Permian Labs, issues loans…
South Korean exchange Bithumb tightened rules on its month-old crypto lending service, halving leverage and sharply reducing loan limits to address investor risk concerns.On Monday, the exchange said it resumed…
The creator of a now-defunct lending platform has agreed to pay over $10.5 million to settle US Securities and Exchange Commission claims that he took investor funds to buy millions…
South Korea’s financial regulators plan to release guidelines on cryptocurrency lending services next month in an effort to tighten oversight and protect investors amid growing concerns over leveraged crypto products.The…
In brief
South Korea’s FSC and FSS summoned officials from five major crypto exchanges after Upbit and Bithumb launched lending products offering up to 4x leverage, enabling short-selling through borrowed funds.
Upbit…
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Financial technology (Fintech) companies may move away from traditional lending services, as decentralized alternatives offer more accessible loans with smaller fees.Decentralized finance (DeFi) lending protocols enable users to lend and…
The New Development Bank (NDB), commonly called the BRICS bank has expanded lending in local currencies. The bank is moving away from the US dollar and prioritizing currencies of member…