Cryptocurrencies command 'Kimchi Premium' in S.Korea due to capital flow controls - BofA - Reuters

1:22am PDT - May 18th, 2021    bitcoin price - Reuters

Cryptocurrencies like Bitcoin in South Korea carry a hefty premium over international prices due to capital flow controls aimed at curbing cross-border flows of hot money, which prevent arbitrage, the Bank of America said in a report on Tuesday.