According to Odaily Planet Daily, South Korea's Financial Services Commission (FSC) has ordered local cryptocurrency exchanges to suspend lending services until formal regulatory guidelines are issued. The FSC stated that such services currently operate in a legal gray area, posing a risk of user losses. Existing contracts will be allowed to be repaid normally or have their maturities deferred. Platforms that fail to comply with administrative guidelines will face on-site inspections. The FSC stated that it will formulate relevant rules as soon as possible to protect investors and establish a clear regulatory framework. (The Block)