South Korea Asks Crypto Exchanges to Halt Lending Services

August 22, 2025 at 09:05 AM EDT

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Financial regulators in South Korea have directed crypto exchanges to pause the launch of any new crypto asset lending services. Officials say the move is necessary to reduce growing risks in the market and to give regulators time to create a clear set of rules.

Periodic pullbacks have characterized the crypto market over the past few years, so entities like Canaan Inc. (NASDAQ: CAN) are unlikely to be unduly fazed by the recent pause in the upward movement of the…

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