crypto lending

South Korea Suspends Crypto Lending on Local Exchanges Amid Safety Concerns

August 20, 2025

Summary: Why did South Korea suspend crypto lending on local exchanges? South Korea suspended crypto lending due to concerns over insufficient investor protections. Regulators worry users could face large losses if asset values fluctuate sharply. They are now developing guidelines to ensure safer and

Blockchain·Policy

BlockFi Lending License Revoked Over Unsafe Practices

November 8, 2024

The California Department of Financial Protection and Innovation (DFPI) announced on Thursday that it has revoked the lending license of crypto lender BlockFi Lending LLC due to multiple regulatory violations. BlockFi agreed to the revocation of its California Financing Law (CFL) license and to cease unsafe practices as part of a settlement with the DFPI.