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New law could kill South Korea’s DeFi market – Decrypt

New law could kill South Korea’s DeFi market – Decrypt

News Business South Korea has softened its stance on cryptocurrency in recent months (Image: Shutterstock) In brief South Korea’s Financial Services Commission has categorized cryptocurrencies as a “high-risk asset.” The country’s Online Investment-Linked Finance Act would mean that locals will be unable to use crypto as collateral for loans and investment projects.







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