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May 13, 2021
Comments Off on KSI’s Cryptocurrency Earnings
At just 27, KSI featured on a podcast that is catching many crypto enthusiasts. Here he explained how he earned a fatty package of money through the virtual buck’s investments. It sucks knowing he never knew this before. KSI’s real name is Williams Olatunji, an identity rarely known by most people. KSI has a story similar to that of Donald Trump. KSI got some “small loan” of million dollars from his dad, which he overturned. This icon is performing very well in the current generation. You can call it a success powered by crypto investments.
He Deposited Millions
KSI commenced with the investments by depositing millions into the crypto market. With 
much confidence and optimism, he saw no point in trading with 50k’s or 20k’s. He went on trading in the deep using his millions of assets. As we are talking, he is at least $5 Million worth in the crypto market. Like other miners in the digital field, KSI has developed an interest in cryptocurrencies. This includes Bitcoins (BTC), Ethereum, Altcoins, and other digital coins worth trading in.
much confidence and optimism, he saw no point in trading with 50k’s or 20k’s. He went on trading in the deep using his millions of assets. As we are talking, he is at least $5 Million worth in the crypto market. Like other miners in the digital field, KSI has developed an interest in cryptocurrencies. This includes Bitcoins (BTC), Ethereum, Altcoins, and other digital coins worth trading in. I Would be Pretty Happy
Taking part in the murky-confusing space of the digital coins pays. To KSI, this move to investing in cryptocurrencies is pretty fine and incredible. He just knew this secret some months ago, something that drives him so crazy. Meaning if he knew this before, he would be a multimillionaire drowning in more wealth.
Dogecoin is a Hustle
Moving away from KSI, Elon Musk minimized the crypto by at least one-third last week. This happened the time Elon gave the digital coin labeling dubbed the “hustle” on Saturday. Dogecoin began as a little joke on social media platforms. But has gained a tangible backup and boost via tweets by SpaceX. This influence and advocacy have led to much impact in the mainstreams. On Saturday Night Live, E. Musk made recurring explanations. Where he explained what Dogecoin is all about. He emphasized by saying that digital currency is just a mere hustle.
It’s Real as a Dollar
Elon told Michael Che (the co-host) to label him, ‘The DogeFather’. And in his explanation, Musk elaborated how the lucky coin has taken the internet by storm. And said it is genuine! It started as an online meme but now, it’s a blast! In his statement, he said that digital currency is as real as the popular dollar and works totally in a similar way. In fact, cryptocurrencies have become the future currency that’s unstoppable.In contrast, this financial motor is ready to charge the entire globe soon. The truth is, some may not welcome the idea. But, Elon has consistently been informing people about crypto. He also mentioned that trading and investments are a great way to earn.
May 5, 2021
Comments Off on JPMorgan’s Bitcoin Fund
The biggest financial institution in the US plans to introduce a new offering. It will be an active-managed Bitcoin fund. It is to launch in the next few weeks. Reports say it’s anticipated that the new initiative could happen any day in the summer season.
Could this be a new version of financial “fraud” as described by the bank’s Chief Executive? Will the allegations lead to the “fund crush” by the national authorities?
The Wall Street Confidence on the Bitcoin Fund
Recent reports from Coindesk revealed many aspirations of JPMorgan. Where we can see that 
they are looking forward to embracing the digital assets. And are preparing to introduce an actively managed Bitcoin underway. This was, however, not announced officially by the financial giant. But several reputable resources gave realistic predictions of a possible launch soon. Furthermore, the source highlighted one more thing. The institution will collaborate with NYDIG concerning its crypto-custodian requirements.
they are looking forward to embracing the digital assets. And are preparing to introduce an actively managed Bitcoin underway. This was, however, not announced officially by the financial giant. But several reputable resources gave realistic predictions of a possible launch soon. Furthermore, the source highlighted one more thing. The institution will collaborate with NYDIG concerning its crypto-custodian requirements. Bitcoin Fund Adoption Plan
In truth, this has turned to become a massive turnaround by the banking giant. The JPMorgan Chief Executive Officer said he is not really “worried” about it a few months ago. Jamie Dimon’s harsh response towards the cryptocurrency, Bitcoin, had severe backlashes. The CEO even termed Bitcoin as a “fraud” system and not his “cup of tea”.
Besides the CEO’s opinion on the Bitcoin fund. The banking institution shows quite a substantial interest in the crypto industry. As we witness a full adoption of digital currency from people across the globe. This fund will only become accessible by private individuals.
The Competitor’s Arena
Moving away from JPMorgan’s move to adopt the fund. Another competitor, M.Stanley, has already offered more funds to investors. They are offering at least three such funds to their esteemed affluent customers. It went on officially participating in the digital currencies. This was at the time when Bitcoin caught the attention of many rich investing agents. Morgan Stanley further tapped on Galaxy and NYDIG.
As a 
way to bestows the currency exposure with zero activated funds for management. This is a closed investment for customers with more than $2 Million worth of assets. Where they have the opportunity to make investments of up to 2.5 percent of their assets. These will be Bitcoin funds. The launch to access the triple funds was to offer Bitcoin ownership with ease to clients.
way to bestows the currency exposure with zero activated funds for management. This is a closed investment for customers with more than $2 Million worth of assets. Where they have the opportunity to make investments of up to 2.5 percent of their assets. These will be Bitcoin funds. The launch to access the triple funds was to offer Bitcoin ownership with ease to clients. The Bank Stand Despite Criticism
Although the CEO was unhappy about the whole process. JPMorgan has consistently recorded a tangible reality on Bitcoin. Earlier in April, the financial institution had reserved at least a $130,000 price for bitcoin. In the real sense, JPMorgan is maximizing its support for the blockchain system. As it is also used to test the JPM Coin for in-house transactions and settlements. On top, the giant banking institution on Wall Street launched an investment package. This package contains shares of several corporations like PayPal and Riot Blockchain. These companies have extreme and higher staking in the digital currency world.
May 4, 2021
Comments Off on Biden’s Tax Plan Impacts on Cryptos
It’s not good news to the richest folks in America. Soon they will experience a cut from their huge gains and turnovers. Americans who earn less than the fixed threshold will no way to pay a single buck to the taxman. Besides this is a way to balance the financial seesaw in the states. The rich have “expressed” their worries by putting the panic gear. Households with high returns may experience a cut of 61 % on their wealth inheritance.
The US president, Joe Biden, has portrayed a new taxation law for which will be valid across the 
USA. This law is targeting the upcoming wealthiest Americans. Once the law comes into full implementation, the top-margin rate shall increase. Furthermore, it will directly target the vast profits. An amount paid in the bank accounts of the wealthier Americans will be subject to taxation. This made the crypto market haywire. And we witnessed Bitcoin recording a significant drop, soon becoming disastrous. The White House calls this move a “family plan” anticipated to roll out in few days to come. The proposed taxation law won’t hit households in the United States earning beyond $400,000 per year.
USA. This law is targeting the upcoming wealthiest Americans. Once the law comes into full implementation, the top-margin rate shall increase. Furthermore, it will directly target the vast profits. An amount paid in the bank accounts of the wealthier Americans will be subject to taxation. This made the crypto market haywire. And we witnessed Bitcoin recording a significant drop, soon becoming disastrous. The White House calls this move a “family plan” anticipated to roll out in few days to come. The proposed taxation law won’t hit households in the United States earning beyond $400,000 per year. The Inside Story
There is a big question on what is ‘hidden’ inside the taxation law. In response to these concerns, Jen Psaki said something interesting. He is currently the press secretary in the White House. Jen says that this move is for a specific type of class. It will on the back of wealthier citizens. Including business ventures and companies that can pay. Now, the esteemed consumers of Bitcoin are in bad moods. Because a bearish storm may strike the ‘poor’ digital currency shortly. If the proposed tax law comes into action, sellers in the marketplace will have to dig deep.
To dodge the tax plan, there was an alternative to go the Defi way. This is somewhat complex since Bitcoins transferred to Defi are taxable. This is so due to the assessment of deposits which may attract a tax event in the coming days.
Taking Shelter in Ethereum
L.Martin,
an ethereum coin on a keyboard
who is a loyal Bitcoin user and crypto-developer, blocked Joe Biden on Twitter. He did so because of the upcoming laws targeting the wealthier. This action of solidarity is for every investor who transacts with Bitcoin. In the coming weeks, the marketplace may be experiencing huge rewards. With courtesy to Ethereum and tokens from Defi. Bitcoin’s price may skyrocket. A situation that sometimes becomes complex in making precise predictions. Despite that, we are still witnessing extreme volatility in the crypto market. Here coins are continuously going up and down. In this fierce condition, will bitcoin maximalists run to other digital currencies? Will they move to Ethereum for security? This will be quite an exciting development story worth following.
April 24, 2021
Comments Off on What is Ethereum Staking?
Today, we would like to help you understand the whole meaning of Ethereum staking. Furthermore, check this informative piece on Investors can now purchase cryptocurrencies using Venmo. First, let’s learn about the staking process. It incorporates the act of locking specific cryptocurrency amounts in the digital wallet. This is to take part in the process of a blockchain for returns.
Typically, everyone is allowed to be a part of this process. Whereby a noticeable variation grants access for participation.
The Stake Process
In this, people who are ETH holders act by placing a 32ETH for the validator software activation. 
Any validating agent has the responsibility of keeping related data. And then completing the transaction process as well as identifying additional blocks.
Any validating agent has the responsibility of keeping related data. And then completing the transaction process as well as identifying additional blocks. So that Ethereum remains safe for every individual who looks forward to earning new ETH. This procedure is also known as the proof of stake. The proof of stake is commonly known as PoS. It is a method taken into account by given several blockchains. It’s a way of providing some tokens to those already in the staking network. This is to gather rewards used for block validation.
In order to perform token staking, you may need to follow a given procedure. This will determine who is to qualify for a selection. After the qualification, the validator validates the blocks to earn some stake returns.
The Ethereum Rewards and Risks
Once the validation of blocks is complete. The network will achieve its general agreement, and then offer rewards. This happens after an individual goes ahead to batch a transaction to another new block. Or after a close check of work of fellow individuals. This retains and helps the whole chain to run safely.
Besides 
returns for work done to benefit the whole network. There is a probability of losing ETH because of malicious acts. Other risks include being offline and the failure to do the block validation. What are the Requirements?
returns for work done to benefit the whole network. There is a probability of losing ETH because of malicious acts. Other risks include being offline and the failure to do the block validation. What are the Requirements? If you want to involve in the block validation, here are some things worth understanding. First, you will require 32 ETH. This is a requirement for those willing to become complete validators.
You will also require several ETH to incorporate in the staking pool. Additionally, an individual has to activate the “ETH1.” It is also called the main-net client. From here, a launch program will take you through a tour for other requirements. Such as hardware and software requirements. Thank you for taking the time to learn more about Ethereum. For queries and inquiries, please use the comment box or reach us on our social platforms.
April 23, 2021
Comments Off on Venmo Offers Investors Options to Purchase Cryptocurrencies using its Platform
It’s a happy day for over 70 million customers using the Venmo application from PayPal. Investors can now buy cryptocurrencies using this mainstream gateway. Where they can use digital currencies and wallets to purchase crypto. This becomes a massive step by Venmo to offer a gateway to digital trading. It is currently supporting Bitcoin, Ethereum, and Litecoin to current clients.
Additional Features
The brand’s new feature came to the market arena on Wednesday. The new feature came with several video tutorials. The tutorials showcased users how to purchase digital currencies. The company 
made sure there are enough guides on the App. Where all the videos will explain and answer the frequently asked questions. These videos will also clear myths evolving around digital currencies.
made sure there are enough guides on the App. Where all the videos will explain and answer the frequently asked questions. These videos will also clear myths evolving around digital currencies. Buying and Processing Cryptocurrencies
From digital wallets, customers can now buy digital currencies using their balance. According to a statement, users can buy via finances connected to their bank accounts. Venmo also announced how they would process these requests. All their digital purchases would go via Paxos Trust, located in New York, for processing.
The Cryptocurrencies Performance
Digital currencies have been performing well since some weeks ago. The industry has become a hotspot for digital trading and investments. The shares and market values are volatile but increase every week. Coinbase had increasing shares flying from 60 percent to nearly 400 dollars. Their stock danced nearly at 328 dollars with all sales recorded. This allowed Coinbase to scoop a market value of around $86 Billion.
How Much is the Crypto on Venmo
The Coronavirus pandemic doesn’t seem to be a hindrance to the booming business any longer. Any prospective customer of PayPal can purchase digital currencies. It can be from as low as 1 dollar. A statement came on Wednesday. It stated that users could click on the menu to navigate through the option “Crypto.” Upon clicking on the “Crypto button,” users should see the opportunity for the purchase.
The Digital Trade Trends
Numbers 
can tell that the cryptocurrency trade has now become a gold mine. Due to the digital trade performance, we can see big companies talking about crypto. Visa is actively aiding their clients to get crypto trades with financial packages. There is a felt high demand curve due to the increasing numbers of clients interested.
can tell that the cryptocurrency trade has now become a gold mine. Due to the digital trade performance, we can see big companies talking about crypto. Visa is actively aiding their clients to get crypto trades with financial packages. There is a felt high demand curve due to the increasing numbers of clients interested.Cryptocurrencies like Bitcoin were trading at nearly $11,000 in October. Which was standing at almost $55,000 this month. Soon, we may see Bitcoin in the mainstream market arena due to this curve and performance.
Regardless of the outstanding achievements by Bitcoin and Coinbase. Several miners are not convinced about cryptocurrencies due to their “volatile” characteristics. This volatility is typically geared by speculations to gain from the skyrocketing prices. The absence of tangible valuations also catalyzes this doubt. As “zero assets” leads to unfair valuations.
April 7, 2021
Comments Off on Grayscale Looking to Convert GBTC Into a Bitcoin ETF
The $34 billion trust Grayscale publicly said that it has plans to convert itself into an ETF. They are looking to get this done if the regulators are ready to give them a get-go. This could prove to be a beneficial move for the firm. As it allows them to create an advantage in cryptocurrency investing. Because as time passes other companies are planning to do something similar.
People who want to invest in Bitcoin through the stock market indirectly. Grayscale Trust is one of the only few options that are available. Because regulators in the US haven’t approved any Bitcoin ETFs yet.
Is Greyscale Affected by this Decision?
Some time ago, a lot of discounts were available on the Grayscale shares. This indicates to us that 
many investors have sold their current positions. It is very likely due to the coming approval of Bitcoin ETFs.
many investors have sold their current positions. It is very likely due to the coming approval of Bitcoin ETFs.These new funds are going to charge much lesser. If you compare it to Grayscale’s management fee, which stands at 2%. Not only this, even the price of a lot of other actively managed funds cannot compete with this.
Compared to a Bitcoin ETF, the Grayscale Trust has plenty of other shortcomings. New investors who are purchasing new shares need six months of waiting time. Buyers cannot even trade the stocks in the secondary market during this interim.
What makes ETFs unique?
There is nothing of this sort in ETFs. Therefore, it is helpful for those investors who want to track the performance of this digital currency. They can do so without the hindrance of any outside factors. However, this makes it prone to the ETF Arbitrage strategy. As the fund price discrepancy of Bitcoin can be very large at times.
This results in an immediate arbitraging away of assets. Where underlying assets generate a price gap. And the market makers redeem the differences between prices.
Is there any other Bitcoin ETF coming soon?
In any case, Grayscale is not going to be the sole player in the game for very long. The access to the US-listed 
Bitcoin ETF in the form of security will be going to multiple investors. This will include people who are waiting for a very long period. It would not only allow institutional investors. But individuals and financial advisors will also have easy access to digital assets.
Bitcoin ETF in the form of security will be going to multiple investors. This will include people who are waiting for a very long period. It would not only allow institutional investors. But individuals and financial advisors will also have easy access to digital assets.In early February, the approval of the first Bitcoin ETFs took place. Many more requests followed that in the coming weeks. How can we forget about the BTCC? After just two months of trading, Purpose Bitcoin ETF(BTCC) was able to do wonders. It accumulated a staggering $1.2 billion through management assets.
But this doesn’t make it easy to invest. As it is already hard for a daily investor to maintain their trading account. It becomes even hard to manage coins that they bought and are now a part of their portfolio.
April 5, 2021
Comments Off on BitXmi offers users monetary benefits for Trading on their Platform
There are many well-known crypto exchanges available in the market. Due to heavy competition, each of these exchanges offers unique offers and rewards. This attracts new customers. But have you ever heard of an exchange that pays you to trade? Probably not! BitXmi is one such unique crypto exchange that is pulling this off in style. It recently launched an impressive campaign specifically for April.
To encourage their users, BitXmi is offering them a BXMI token in return as a reward. This might be the first time any user could earn a free token as a trading return. The value of BXMi token increased by 7 times since August 2020; it stands around $0.70. This platform attracts users from all across the globe with this lucrative offer.Guidelines to earn this Reward:
- The first and foremost requirement is that the trade volume must be more than $50.
- This campaign is date bound; you will be able to reap these rewards from 5th April to 30th April.
- You can also earn 35% of a referred sign-up done on BitXmi via your code.
- Traders will be earning 0.05% on the volume of trade they make. They will receive BXMI tokens worth the equivalent amount.
More Info about the Campaign:
Although BitXmi has a global footprint. Most of its users are from India, Middle East, UAE & Europe. This offer is mainly targeted to their regular users. A trader that makes a substantial number of crypto trades in April will get bonus tokens. That’s not all. Users that make a trade of more than $50 will also pay zero fees. The exchange will bear all their costs and also pay the extra money for trading.
The
CEO of BitXmi, Sanjay Jain, also said that this token’s value would increase rapidly. He mentions that the company predicts BXMI to be around $ 1.00 by the end of 2021. The main reason for this can be its rapid increase in value since its inception in 2020.
What are BXMI Tokens?
BXMI tokens are BitXmi exchange-backed tokens. The initial trade for this token happened in July 2020. You can directly exchange them against USDT. The users can use it to pay off trading fees, earn dividends, or use it for investments. The exchange is working very hard to make this token acceptable in UAE.
The release of an ERC-20 token provides extra leverage to traders. It is also used for making the platform more agile and also as a reward token. The exchange aims to use this token as a driving force of their loyalty programs.
BitXmi is a Singapore-based exchange service provider found in 2018. It operates on a uniquely modern approach. This makes it different from other cryptocurrency exchanges.
April 3, 2021
Comments Off on Here’s All You Need to Know About NFT
Technology has now made us socio-friendly. We share lots of memes, infographics, artwork, and other digital property. Mostly with our friends and family. It can be either for entertainment or information. Also, it can be to spread awareness on a specific agenda.
However, did it come to your mind? Who’s the creator of these properties? Or where is the actual origin of those digital assets? The solution is NFT.
What is NFT?
An NFT or Non-fungible tokens is, in essence, a collectible digital property. The value is held as cryptocurrency. NFTs are value-conserving investments, similar to art, which is a visual form. But how?
So, NFT stands for a non-fungible token. This is a digital token that’s identical to cryptocurrency. 
It has similar properties to Bitcoin or Ethereum. But unlike Bitcoin, it is not exchangeable. An NFT is specific and is not exchangeable like-for-like (hence, non-fungible).
It has similar properties to Bitcoin or Ethereum. But unlike Bitcoin, it is not exchangeable. An NFT is specific and is not exchangeable like-for-like (hence, non-fungible).Why NFTs are so crucial?
NFTs have become highly popular with crypto customers and companies alike. The reason is that NFTs brought in a revolution to the gaming space. Around $174 million is now spent on NFTs from November 2017.
Thanks to the arrival of blockchain technology. Gamers are now perpetual proprietors. It can be an in-game item and different specific property and make money from them. Players create and monetize objects like casinos and subject parks in digital worlds. This includes things like a Sandbox and Decentraland. Also, there’s the possibility of selling items that are accrued through gameplay. It can be in the form of costumes, or in-game currency.
How Did NFT Suddenly Become so Popular
Several industries use NFTs based on ERC-721. Below are some excellent features that make NFTs popular:
- The entire data of NFT is secure in Blockchain. This means the tokens are not removable. No matter what, you cannot destroy or duplicate it.
- The primary source of cost for NFTs is their scarcity. However, NFT developers can make an endless number of tokens. They’re saved limited purposefully to keep their value.
- NFTs are indivisible. Therefore, unlike Bitcoins NFTs are not available in denominations.
NFTs Characteristics
1. Non-Interoperable
NFTs are considered non-interoperable due to their ERC 721 base. This means that the data saved in them 
are unexchangeable or utilized in any manner.
are unexchangeable or utilized in any manner.2. Rare
NFTs are scarce. Needless to say, this contributes to both the craze and price of NFTs. Therefore, if the quantity goes down from here due to any reason, the prices will shoot way higher.
3. Indestructible
People control NFTs through Blockchain, which provides them with more safety. This also makes them indestructible and un-removable at any cost.
4. Indivisible
You cannot send NFT partially to anyone (unlike different cryptocurrencies). It is because they’re non-fungible and don’t have a described value. For example, one bitcoin will own the same price after the transfer, but an NFT won’t.
March 31, 2021
Comments Off on Wealthy Investors of Goldman will gain access to bitcoin
Goldman Sachs is looking to offer its customers investments into crypto assets. After the appointment of its new global head in digital assets, Mary Rich. Goldman decides to follow the footsteps of many renowned organizations. The bank reportedly said it would begin this investment in the 2nd quarter. She is the new head of the digital asset class.
Goldman is all set to offer investment plans for investors into bitcoin and other assets. She also mentions that they are looking to invest in all spectrums. This will include derivatives, investment channels, and even physical bitcoins. Although the bank explicitly stated that this is only for wealthy customers. So, customers who are willing to put in extensive investments will get these services. “Goldman is looking to invest into the upcoming internet revolution,” says Rich.
How can clients benefit from this?
CNBC revealed that Goldman Sachs is to offer its Prime customers, digital assets. Mary Rich said 
that they are working closely. They want to provide customers with something better to look forward to. With this client will have a user-friendly ecosystem. Therefore, they will have access to digital assets. With this, customers can quickly get all the information regarding their investments.
that they are working closely. They want to provide customers with something better to look forward to. With this client will have a user-friendly ecosystem. Therefore, they will have access to digital assets. With this, customers can quickly get all the information regarding their investments.How does this affect the global market?
Goldman and Sachs hold some of the most prominent billionaires in the market. Morgan Stanley is also looking to enter the same business. These banks will work with some of the most significant corporate houses in the country. Where they will be able to invest their money into bitcoins and other assets.
Most of these customers know that bitcoin can stake their funds against inflation. This came into consideration after Morgan Stanley revealed their strategy. Morgan Stanley is looking to enter the crypto market in April.
Only the wealthiest can Invest
The banks already know the market of cryptocurrencies is very volatile. Due to which they tried to negotiate these investment plans with their customers. In a statement, Rich said that they had to accept the demands of their clients. After which, the bank decided to regulate this investment scheme.
Goldman 
Sachs’s management team will target those who are ready to invest at least $25 Million. This will help them cut out the masses, and the only customer that has enough money can jump in.
Sachs’s management team will target those who are ready to invest at least $25 Million. This will help them cut out the masses, and the only customer that has enough money can jump in.Rich also mentions that customers are showing great interest in this investment eyeing the growing popularity. Also, it’s one of the best hedging options to fight inflation. She also mentions that many clients feel left out.
What is their Game Plan?
Goldman’s management team is looking to follow Morgan Stanley’s game plan. They will offer customers bitcoin-powered investment funds. Also, customers can invest in many other endeavors. The official also said that clients could also invest in Galaxy bitcoin funds. Here you can buy and sell general holdings quarterly. Whereas its institutional fund can liquidate on a weekly basis.
March 25, 2021
Comments Off on OKEx Taps out of the Korean Market due to Stringent Laws
Recently OKEx lounged a notice for South Korean users using its platform. In the notice, OKEx talks about the increasing issues they are facing in South Korea. Due to which they are shutting down their south Korean platform. The announcement also states that all the users should remit their balances by 7th April. Otherwise, the company won’t be liable.
The company takes no responsibility for losses. OKEx also said that this would be solely the responsibility of the customers. This decision took place on Thursday. An OKEx representative
OKEx Logo (PRNewsfoto/OKEx)
mentions that it has become complicated for them to operate. This is due to the new law. The Korean government recently brought the new anti-money laundering law (AML). This law safeguards a business from fraudulent cryptocurrency deeds.
The company also mentions that their profits were not adding up to the compliance costs. Due to which the company decided to cut all losses and forfeit its operations in South Korea.
What were the changes?
The new act bought in multiple changes. Majorly in the financial sector to stringent crypto markets. As said by OKEx, the Korean government launched various strict laws. This was against crypto traders. AS per the new rule, the government will take 20% of the profit you make in crypto assets as tax. This amount is currently capped to KRW 2.5 Million, which adds up to around $ 2250.
Even though the government made the first 2.5 Million won tax-free. Major exchanges have seen a dip in their revenue. There was a recent interview of a Korean representative of OKEx. There he mentions that OKEx faced lots of problems while operating in South Korea. The company was not only losing clients, but it also faced governmental issues.
As per the new law, the government can now investigate any individual. That’s not, and now only people can only register with real-names. All these changes are to catch tax evaders. The government wants to oversee all the crypto operations. Due to which they are applying Stricker rules and regulations.
Other details
The government has also partnered with banks to keep an eye on crypto transactions. With the new law, the Korean government agencies can log to any transaction on their premises. They can also use this as a medium 
to investigate. This falls under its financial reporting standards. This new law will fully come into power very soon.
to investigate. This falls under its financial reporting standards. This new law will fully come into power very soon.Firms that are relatively new to this business now have a grace period for transacting in crypto. The officials allotted months as grace for jumping into crypto services. Even with so much going on, the trading volume of OKEx keeps on increasing. The company recorded around $1.3 Million trading revenue in 24 hours.
Were there more Drop-outs?
There are many big names who are tapping out of the Korean sub-continent. The most prominent name was the Binance Korean exchange. Binance is the largest crypto trader. The Korean Binance was in direct subsidiary with its parent company. This measure took place due to given circumstances.