South Korea's Crypto Craze: 1 in 3 Citizens Dive into Digital Assets
Over 30% of South Koreans hold crypto, with 15.6M users in November. Russian firms are using Bitcoin for international payments amid sanctions. Bitget's BGB token hit new highs, ranking No.16 by market cap, with the community targeting $10, which could place it among the top 10-14 tokens.
Over 30% of South Koreans invest in crypto assets.
On Dec. 25, South Korean media outlet Yonhap News reported that in November, the number of crypto users in the country increased by 610,000. Representative Lim Kwang-Hyun of the Democratic Party of Korea shared data showing that digital asset investors in the country at the end of November totaled 15.6 million.South Korea has a population of 51.7 million, so the 15.6 million crypto holders represent over 30% of its people. Yonhap said this was the number of investors in five major Korean exchanges, including Upbit, Bithumb, Coinone, Korbit and Gopax.Recently, in the newly released Squid Game Season 2, crypto is also mentioned.
Russia use Bitcoin for international payments
Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday."As part of the experimental regime, it is possible to use bitcoins, which we had mined here in Russia (in foreign trade transactions)," Siluanov told Russia 24 television channel. "Such transactions are already occurring. We believe they should be expanded and developed further. I am confident this will happen next year," he said, adding that international payments in digital currencies represent the future.
BGB Token soaring
Bitget exchange platform token BGB is announcing all time high several times in the past week.It's now ranking No.16 in market cap between No.15 SUI and No.17 HBAR.
Other exchange platforms are BNB (No.5), LEO (No.21) and OKB (No.44), while if we define Coinbase stock as an exchange platform token, then it'll be ranking No.7.Community is now aiming for $10, in that case BGB will rank No.10-14 with AVAX, TON, LINK and SHIB.
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