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Korean South Crypto exchanges They paid for their clients 87 million $ 87 of interest on their fiat deposits in the last 12 months.
For the Agency of New Koreaan Yonhap (Via Daum), the data on the payments of interest has been submitted by the financial supervision service on July 27 of the Democratic Party degree of consignment.
Heo is a member of the national assembly committee member.
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The data shows the section of the nation trading paid their customer’s interest requires 120.26 billion said since high school
The law stipulated quettages_ the exchanges, bithabb, coinone, korbit, and gopbit, and geopx) must make payment of fiat interrets.
Before Launcher on the law, platforms typically the nominal interest payments of only 0.1% per annum.
However, the introduction of the act disappeared a competition wave. The dishes began to discard to draw in new customers with the essential interest rates of glasses, they paid the quarterly
This culminated in Bithumb announced a rhythm of 4% interest, only to perform a U-turn only 6 hours later.
Since this flu of the activity of the relief of interest, platforms are slowly that reduces its rates.
By the end of the June this year, the UBT is offered the 2.1%. BithUmb Efferent 2.2%, with the point of Coin 2.0%, Korbit 2.1%, and the GUSAX establishment of Just 1.3%.
However, even the Goolax fee was still considerably higher than the most of the County County County Interests taxes
The rates of interest on their way?
The dishes will start to meet the Korean’s bank to cut the basic interest rates. Korbit has declined their use rate of use to 1.9% this month. The Oinon also announced its decision to cut its rate to 1,77% starting the next month.
A supervisory service originate said the regulator wants to “create a standard for the calculation of interest that does not” undermine “competitive order.”
Heo, I am named that as the act provides a “remains of security” for users, too capital is always “concording to some shots.”
These comments come after The charges that uplobit was allowed to create a facto monopoly in the exchange scenecommanding more than 60% of the market part of the market. The avio said:
“We will counter to improve the system to protect users and establish a competitive sound and environment.”
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