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Bitcoin is trading near $66,000 in South Korea as ‘Kimchi Premium’ returns

Bitcoin is trading near $66,000 in South Korea as ‘Kimchi Premium’ returns



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  1. >While there is Kimchi Premium, that doesn’t mean one can buy bitcoin or ether at a lower price globally and sell it at a higher price in South Korea. That is because Korean crypto exchanges don’t accept foreign clients due to local regulations.
    >
    >Korean citizens also cannot buy cryptocurrencies at lower prices on global exchanges because these exchanges don’t support Korean won. Binance and OKEx had local exchanges in Korea, but both shut them down recently

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