OKX, a major player in the global crypto trading market, is currently facing scrutiny in South Korea. The Digital Asset Exchange Alliance (DAXA), which includes South Korea’s leading 5 crypto exchanges – Upbit, Bithumb, Korbit, Coinone, and Gopax, has formally complained to OKX with local regulatory bodies. The complaint alleges that OKX has engaged in […]
In a bid to curb capital flight, money laundering, and potentially risky speculation, the Financial Services Commission of South Korea has proposed an amendment restricting the use of domestic crypto credit cards for purchasing cryptocurrency on foreign exchanges. This move by the country’s top financial regulator targets a loophole that has allowed Korean citizens to […]
December in the crypto sphere witnessed a fiery spectacle: South Korea’s Bitcoin Premium Index, a thermometer of buying power in the kimchi nation, soared to levels reminiscent of November 2021’s peak. This sudden heatwave has analysts sweating, unsure whether it’s the precursor to a bull stampede or a prelude to a spicy correction. The Bitcoin […]