Central Bank Of South Korea Calls For Monitoring Of “Kimchi Premium” In Crypto Prices

News, Regulation | September 11, 2018 By:

The Bank of Korea (BOK), the country’s central bank, has called for continued monitoring into local crypto markets to nullify the so-called ‘kimchi premium’ in cryptocurrency prices.

Earlier this year, cryptocurrencies, such bitcoin and ethereum, were traded far higher in the South Korean market compared to spot prices on global exchanges.

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