Tag: Bank of Korea

Forex Weekly Look Back
May 28, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: HSBC winds down US retail banking business, Playtech to sell Finalto for $210 million

The governor of the Bank of Korea suggested that cryptocurrency trades from South Korean citizens are a potential threat to the country’s financial system. Increased trading of virtual assets – known for their volatile pricing – is threatening to leave the nation’s financial system at risk of instability, according to the Governor of the Bank…

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Bank of Korea to curtail leveraged crypto trading
May 28, 2021 BY Steffy Bogdanova

Bank of Korea to curtail leveraged crypto trading

These statements from Lee may not come as a surprise from those who know the governor’s policies, the chief who takes the title of being the second-longest-serving in his position having previously taken a similar stance on cryptocurrency in recent years. Lee has suggested that the central bank needs to engage in “close cooperation to…

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August 22, 2014 BY Mike Fox

S. Korea's Forex trading volume reduces in Q2 amid low volatility

South Korea's foreign exchange trading volume reduced in the second quarter of this year as the won-dollar exchange rate moved in a narrow range, central bank data showed Friday. Daily average turnover in the foreign exchange market was 44.77 billion US dollars for the three months ended June 30, down 0.7 percent from the prior…

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