Kimchi Premium
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Breaking: Korea Custom Services reveal $750M Kimchi Premium false remittances scam

Amid the South Korean Crypto Crackdown, the latest report by the Yonhap News Agency revealed that the Korean Customs Service has confiscated nearly $750 million (885.6 billion won) in false remittances for cryptocurrency transactions this year. Furthermore, the report stated that the country has seen a drastic hike in illegal foreign exchange transactions using virtual

Amid the South Korean Crypto Crackdown, the latest report by the Yonhap News Agency revealed that the Korean Customs Service has confiscated nearly $750 million (885.6 billion won) in false remittances for cryptocurrency transactions this year. Furthermore, the report stated that the country has seen a drastic hike in illegal foreign exchange transactions using virtual

south korea crypto regulation
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south korea crypto regulation
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Amid Strong Regulatory Action, South Korean Exchanges Warn About ‘Kimchi Coins’

Crypto exchanges in South Korea are having a tough time navigating through strong regulatory action initiated by authorities. As a resulted local crypto exchanges have started limiting services to some altcoins while classifying some as ‘kimchi coins’. Kimchi Premium is one of the most popular terms used in the South Korean crypto market. Being one

Crypto exchanges in South Korea are having a tough time navigating through strong regulatory action initiated by authorities. As a resulted local crypto exchanges have started limiting services to some altcoins while classifying some as ‘kimchi coins’. Kimchi Premium is one of the most popular terms used in the South Korean crypto market. Being one

Bank of America Crypto Credit Card
Bitcoin News
Bank of America Crypto Credit Card
Bitcoin News

BOA Report says Kimchi Premium Result of Capital Flow Control

Kimchi premium, the Bitcoin price difference between the international market and the South Korean market rose to $4,000 yesterday after a red crypto day. A recent Bank of America report suggests that the Bitcoin price premium in the Korean market is a result of capital flow control put by the government. At present, the purchases

Kimchi premium, the Bitcoin price difference between the international market and the South Korean market rose to $4,000 yesterday after a red crypto day. A recent Bank of America report suggests that the Bitcoin price premium in the Korean market is a result of capital flow control put by the government. At present, the purchases

Bitcoin News
Bitcoin News

Kimchi Premium on the Rise Again, Can it Pull BTC Out of Consolidation ?

Bitcoin price is currently consolidating just above $57,000 with its market dominance on a continuous decline, currently at 44.41%. Bitcoin registered a sharp correction of over $17k, falling from an ATH of $64,863 to a monthly low of $47,159. The price of the top cryptocurrency has recovered nearly half of the losses, currently 12% short

Bitcoin price is currently consolidating just above $57,000 with its market dominance on a continuous decline, currently at 44.41%. Bitcoin registered a sharp correction of over $17k, falling from an ATH of $64,863 to a monthly low of $47,159. The price of the top cryptocurrency has recovered nearly half of the losses, currently 12% short