Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,404,243,935,345.79
  • 24h Vol: $54,843,106,164.32
  • BTC Dominance: 56.56%

Bank of Korea

report:-korean-central-bank-to-gain-right-to-probe-virtual-asset-entities-after-financial-regulator-drops-opposition

Report: Korean Central Bank to Gain Right to Probe Virtual Asset Entities After Financial Regulator Drops Opposition

Leave a Comment / Bank of Korea, Bitcoin, Crypto Hacked, Cryptocurrency, Digital Assets, Ethereum, Financial Services Commission, financial stability, Regulation, virtual assets / / / , , , , ,

The South Korean central bank is set to be granted the right to investigate virtual assets after the Financial Services Commission (FSC) dropped its opposition to the move. According to a report, the FSC dropped its opposition to the central bank’s bid after it was accused of seeking to make itself the country’s sole regulator […]

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study-reveals-south-korea’s-‘kimchi-premium’-strongly-linked-to-international-remittances-to-china

Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China

Leave a Comment / 2021, 55%, Bank of Korea, banned cryptocurrencies, Bitcoin, BTC, China, Chinese arbitrageurs, common regulation, Crypto Hacked, Cryptocurrency, cryptocurrency arbitrage traders, Cryptocurrency Assets, Ethereum, Fiat, first quarter of 2021, foreign arbitrageurs, global cryptocurrency market, high demand, Incheon National University, influx, International remittances, International Standards, Jangyoun Lee, kimchi premium, Korean financial institutions, News, overseas remittances, overseas remittances to China, Premiums, reemerged, significantly correlated, South Korea, study, subsided, Taehee Oh, Western exchanges, Western trading platforms / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a surge in international remittances to China. Examination of Overseas Remittances to China Uncovers Strong Correlation with South Korea’s ‘Kimchi Premium’ According to a study

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