South Korea’s Kimchi premium collapsed overnight, but it is likely not a sign of a short-term Bitcoin top.
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Category: kimchi premium
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South Korea’s Kimchi Premium Returns: BTC and ETH Prices Jump 18% Higher Than the Global Average
While a great number of spot exchanges have seen consistent prices in a few select areas in the world, bitcoin is selling for a premium. That’s the case in South Korea right now as there’s a price gap, otherwise known as the ‘kimchi premium’ on domestic South Korean exchanges in comparison to foreign exchanges. Bitcoin, […]Powered by WPeMatico
South Korea’s ‘Kimchi premium’ is back: Is the Bitcoin rally starting to heat up?
Demand for Bitcoin in South Korea is heating up as the country’s BTC premium rises over 5%.
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Another $84M deposit begs the question: Why are Bitcoin whales in Korea selling?
Bitcoin whales are depositing large amounts of Bitcoin into South Korean exchanges as BTC continues to rally.
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Korean Presidential Committee Pushes to Legalize Crypto
A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain Presidential Committee Pushes for Crypto Legalization […]
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South Korea Considers Bitlicense-Style System for Cryptocurrency Exchanges
The South Korean government is considering introducing an approval system for cryptocurrency exchanges based on the Bitlicense model, developed by the New York State Department of Financial Services. Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License Bitlicense Comes to Korea The South Korean regulators are considering introducing an approval system for cryptocurrency […]
The post South Korea Considers Bitlicense-Style System for Cryptocurrency Exchanges appeared first on Bitcoin News.
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Survey Says 31% of South Korean Workers Are Cryptocurrency Investors
Survey data shows that about three out of every 10 South Korean workers have invested in cryptocurrency in some shape or form. Also Read: Former FDIC Chair Sheila Bair on Bitcoin: “Value — Like Beauty — Is in the Eye of Beholder” 31.3% Invested in Virtual Currencies On Wednesday, online job portal Saramin surveyed 941 salaried […]
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