#Kimchi premium

Kimchi Premium Returns: Bullish Bitcoin Breakout Imminent?

April 10, 2019 by Osato Avan-Nomayo at Bitcoin, Commentary, Exchange, News

It appears the “Kimchi Premium” is making an appearance once again in the South Korean bitcoin (BTC) market as the top-ranked cryptocurrency looks set for a bullish 2019. South Korean Market Premium Returns In a tweet published on April 9, 2019, CryptoHamster, a bitcoin analyst evidenced the appearance of elevated...

Bank of Korea Calls for Tight Surveillance to Tackle ‘Kimchi Premium’ in Crypto Markets

September 12, 2018 by Aisshwarya Tiwari at Altcoins, Bitcoin, Finance, Investment, News, Tech

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...

South Korea: “Kimchi Premium” Causes Digital Assets to Trade at 600 Percent Premium

August 2, 2018 by Joseph Young at Altcoins, Bitcoin, Exchange, News

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...

South Korean Regulators Release new Anti-Money Laundering Guidelines for Cryptocurrency Exchanges

July 1, 2018 by Ogwu Osaemezu Emmanuel at News

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...