South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’
The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s government. The latest reports suggest that the country is planning to regulate international remittances tied to kimchi premium-driven transactions. Remittances to Exploit Kimchi Premium Could Be Flagged as Money Laundering According to Maeil Kyungjae, South Korea’s government...
Sale of MTI Bitcoins in South Africa Briefly Wipes out Premium Buyers
The premium or arbitrage gap on bitcoin in South Africa recently turned negative following the offloading of coins worth over $75 million by liquidators of MTI. As a result of the temporary supply glut, buying bitcoins on local South African exchanges briefly became cheaper than buying on overseas exchanges. The Impact of the MTI Liquidators’ BTC Sales However, following the conclusion of the liquidators’ sale nearly two weeks ago,...
Mangadex Works With ‘Have I Been Pwned?’ to Warn Users About Hacked Database
Huge scanlation platform MangaDex says that following a hack in March, its database is now confirmed as being “in the wild”. With usernames, email addresses and IP address data now potentially public knowledge, users are being assured that the site is doing all it can to mitigate the breach, including by working with prominent data breach platform Have I Been Pwned. From: TF, for the latest news on copyright battles,...
Russia Wants Instagram to Stop Blocking Its Anthem over Copyright Issues
Russia’s telecoms watchdog ‘Roskomnadzor’ has sent a letter to Instagram demanding that the company removes its copyright restrictions on posts that feature the national anthem. The Government organization hints at systematic and purposeful blocking by Western social networks, which was widely picked up by local media. Reality appears to be less nefarious, however. From: TF, for the latest news on copyright battles,...
Anti-Piracy Groups Pressure EU To Prevent Pirate Sites Operating Anonymously
Dozens of major anti-piracy groups and other interested parties are pressuring the European Commission to enhance “know your business customer” checks as part of the planned Digital Services Act. The stakeholders want to ensure that pirate sites can’t disappear from one host only to seamlessly reappear at another but believe current plans are too limited. From: TF, for the latest news on copyright battles, piracy and...
