How do currency translation issues impact the ability to profit from cryptocurrency arbitrage between the US and South Korea?
Why Bitcoin's Arbitrage Trade Is Tougher Than It Looks
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The video discusses the 'kimchi premium,' a phenomenon where cryptocurrency prices in South Korea are significantly higher than in the US. Despite the potential for arbitrage, traders face challenges such as exchange shutdowns, currency translation issues, and regulatory concerns. The South Korean government is wary of the frenzy among young people and may intervene to prevent exploitation of these price differences.
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What actions have South Korean regulators taken in response to the cryptocurrency frenzy among young people?
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