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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Citigroup Planning To Make Crypto Investments Less Risky For Institutional Investors

Investing, News | September 10, 2018 By:

Financial services giant Citigroup has reportedly developed a new mechanism that makes cryptocurrency investments less risky.

Citing sources familiar with the latest development, Business Insider reported that Citigroup has created a “Digital Asset Receipt” (DAR), which will offer institutional investors a direct way of making crypto investments without the need to own them.

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Crypto Trading Platform ShapeShift Introduces Membership Program

Announcements, News | September 5, 2018 By:

Crypto trading platform ShapeShift has introduced a membership program which will soon be mandatory for all users of the previously account-less exchange.

ShapeShift gives crypto users the power to quickly swap between assets. It does not collect personal data on its customers and exchanges one cryptocurrency for another without ever collecting customer funds into company accounts,

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India’s Securities Regulator Conducts Global Study Tours On Cryptocurrencies And ICOs

News, Regulation | September 4, 2018 By:

The Securities and Exchange Board of India (SEBI) has collaborated with regulators in Japan, the UK, and Switzerland to study cryptocurrency and initial coin offerings (ICO).

In its 2017-18 annual report, SEBI revealed that it sent officials to three countries to study how international regulators deal with cryptocurrencies and gain deeper understanding of their systems and mechanisms.

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