An interesting article (well, just glossy) about the dinamics of crypto market in South Korea.
Some points:
- South Korean National Pension Fund invested big stakes in the exchanges and this influence Government's decisions.
- The volume of hedge funds (containing cryptos) traded in SK is larger than anywhere else.
- New rules about crypto trading enter into force today.
I don't know if those news accurate and I would invite korean Steemians to evaluate it and tell me about it. Thx!
South koreans are crazy about cryptocurrency.Bitcoin and ripple prices are much higher in South Korea than the rest of the world.
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Interesting info. I will read in my spare time. Look who commented before me. :)
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I also heard about this news, in the news I read that the government has allowed transactions to the bank on behalf of the original. this is done to avoid illegal activities, such as crime, money laundering and tax evasion. Our government in Indonesia has also been given input to legalize Crypto transactions, because the government will benefit from taxes, I hope it can be realized soon.
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