Banks based in South Korea are under investigation for allegedly enabling $6.5 billion in illegal overseas remittances. These remittances were linked to the companies dealing in cryptocurrency arbitra...
Tag: 6.5B
Banks Tied To Kimchi Premium Over $6.5B Investigated By Korean Regulators
South Korean financial regulators are looking into the massive amount of foreign remittances Regulators have been concerned about Kimchi premium trading Large remittances have raised red flags South K...
Fresh Trouble for South Korean Banks Over Bitcoin Kimchi Premium Trades Worth $6.5B
South Korea’s integrated financial regulator – Financial Supervisory Service (FSS) – is reportedly investigating domestic and commercial banks after detecting a significant amount of illegal overseas ...
Korean regulators investigate banks over $6.5B tied to Kimchi premium
South Korean banks are being investigated for their role in facilitating $6.5 billion in suspicious overseas remittances which have been tied to companies arbitraging cryptocurrency. According to an ...