South Korea’s central bank (BOK) has called on investors for more attention to the price difference between local and foreign cryptocurrency exchanges because an event popularly as a ‘kimchi premium’ can happen again after its peak in January, Yonhap news agency reported on Tuesday.
The ‘Kimchi premium’ practically disappeared after central authorities took several measures against these practices earlier this year, the Bank of Korea (BOK) wrote in its latest report. However, the risk of reappearing remains.
“Price gaps between domestic and overseas cryptographic assets have occurred repeatedly, and technical and institutional factors that negatively affect smooth capital flows are difficult to be resolved in the short ...
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