#Coréia

We have already written that the Kimchi Premium is growing in South Korea. However, this is not the only country where there is an imbalance between the price of bitcoin on local and world exchanges

In South Korea, the price of bitcoin is sometimes higher than in the world as a whole. The difference expressed in percentage is called the kimchi premium

The reason for the exclusion is simple. In South Korea, the price of bitcoin is higher on the exchanges, and this affects the display of the average price on the site

The bitcoins obtained unfairly by the police from criminals in 2017 were sold in 2021 in South Korea

Blockchain technology has been chosen as the basis for providing a proper way to protect people's data from falling into the hands of third parties

The Bank will study exactly how the information security management system will work before offering services related to it to the exchanges

According to South Korean experts, tightening of rules by regulators can kill most local crypto firms

The Korean division of the cryptocurrency exchange OKEx will cease operating on April 7

Enhanced KYC verification and investigation of suspicious payment chains will be introduced as additional means of protection

Koreans in their 40s and 50s are notably gaining in cryptocurrency investing amid millennials