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Bitcoin korea

bitcoin korea

investors to make leveraged bets. Kim adds to his holdings of bitcoin and about 20 other cryptocurrencies every week, taking profit when he needs money to pay rent. Now I only have one bitcoin, said Bae, who checks the market price about 10 times a day. President Park Geun-hye was ousted in March after an influence-peddling scandal that involved the nations biggest companies. Its certainly worked, at least so far, for those who got in early and rode the speculative wave that pushed the cryptocurrency above 14,000 on Thursday. With assistance by Jihye Lee (Updates bitcoin price in fourth paragraph.) Published on Updated on Have a confidential tip for our reporters? Given the size of the market, theres a greater need for them to come up with something soon, said Thomas Glucksmann, Hong Kong-based head of marketing at cryptocurrency exchange Gatecoin Ltd. The tax authority is considering a levy on cryptocurrency trading gains, Yonhap News reported on Tuesday, while Prime Minister Lee Nak-yon warned last month that cryptocurrencies could become gateways to pyramid schemes and other illicit activity if left unchecked.

If we let things continue, I feel some serious pathological phenomena could occur, Lee said. But where bitcoin and its ilk go from here is the subject of fierce debate, nowhere more so than. But Ill be buying again for sure. Korea s individual investors have long had an affinity for supercharged financial wagers, notes Tai-ki Lee, senior research fellow at the Korea Institute of Finance. Korea, according to Kwak Keumjoo, professor of psychology at Seoul National University. While neighboring Japan hosts more transactions by some measures, Korea punches far above its weight: In the 24-hour period through Wednesday evening in Seoul, about 21 percent of the worlds bitcoin trades on fee-charging venues involved the Korean won, according. Bitcoin s stateless status appeals to some Koreans whove grown wary of keeping their savings in a country that shares a border with Kim Jong Uns increasingly belligerent regime in North. Futures, Options, political turmoil at home may also be adding to the cryptocurrencys appeal, she said. Korea, bitcoin is trading at a premium of about 23 percent over prevailing international rates. Don't have a wallet? Kim Do-young, a 34-year-old audio producer in Seoul, said he was drawn to bitcoin because opening an account was easy and it looked like a chance to make a fast buck. Roger Ver, chief executive officer.

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