South Korean crypto market grows to $45.9B in 2021 despite strict regulations

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

It’s more regulations, no problems for crypto in South Korea. The South Korean crypto market grew to $45.9 billion by the end of 2021 despite growing regulatory scrutiny.

South Korea’s crypto market grew to 55 trillion Won by the end of 2021, as per a new study from the country’s chief financial regulator, the Financial Service Commission.

The FSC analyzed transaction data from the 24 licensed crypto exchanges and revealed that daily transactions on Korean crypto exchanges reached 11.3 trillion won . The combined operating profit of 24 businesses came to 3.37 trillion won . A total of nine crypto exchanges reported a net loss over the past year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New South Park Episode Highlights Inequity in Colorado Cannabis IndustryTegridy Farms gets some competition.
Source: denverwestword - 🏆 315. / 61 Read more »