Tag: Kimchi premium

The Bank of Korea officials have raised concerns regarding the possible resurfacing of ‘Kimchi Premium,’ a difference in cryptocurrency prices in the South Korean exchanges vis-à-vis foreign exchanges. Per a report by Yonhap News, on September 11, 2018, the BOK has tightened its strings around this price differential asking for closer surveillance. Fears of Kimchi Rise The central bank of…

READ MORE

Throughout this week, many tokens including 0x (ZRX), Ethos (BQX), ICON (ICX), and Aeternity (AE) have been traded in South Korea with 300 to 600 percent premium rates. As of August 1, 2018, Ethos on Bithumb, a major crypto exchange in the local market of South Korea, is being traded at $5.82, up 582 percent from its global average price…

READ MORE

In its commitment to de-risking the cryptocurrency market and more openly embracing the much-debated sector, the South Korean Financial Services Commission (FSC) has tightened the regulatory system guiding transactional activities on crypto exchanges in the country, in a bid to curb money laundering operations using cryptocurrencies. Hodlers Activities to be Scrutinized The chief financial agency, in its determination to align…

READ MORE