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BITCOIN PRICE: 6,147.46     HIGH: 6,313.05     LOW: 6,100.81

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ChainPoint’18 International Blockchain Conference • November 14-15, 2018

ChainPoint’18 will take place on November 14-15, 2018 in Yerevan, Armenia. The organizer –“Nooor” Armenian Blockchain Association. ChainPoint’18 will be the largest…

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Tag: Kimchi premium

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

Category: Altcoins, Bitcoin, Finance, Investment, News, Tech

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

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…

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

Category: Altcoins, Bitcoin, Exchange, News

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

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…

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

Category: News

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

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…

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