14 Suspected South Korean ‘Kimchi Premium’ Crypto Traders Cleared

South Korean prosecutors have cleared 14 people who were previously suspected of exploiting the “Kimchi Premium” in cryptocurrency trading. The “Kimchi Premium” refers to the difference in cryptocurrency prices in South Korean exchanges compared to foreign exchanges. Prosecutors could not establish any illegal activities conducted by the traders under consideration. This decision highlights the legal complexities surrounding the fluctuating global landscape of cryptocurrency regulatory norms.