South Korea: 40% loss due to the collapse of virtual currency: Korea Financial Services Commission

South Korea: 40% loss due to the collapse of virtual currency: Korea Financial Services Commission

-April alone, 1.87 million new entrants-

Material of the Financial Services Commission of Korea:

It turns out that the number of Korean crypto investors has increased to 5,873,000 as of May 3.

Korean Cryptocurrency Investor:

At the end of last year, there were only 1,626,000 people.

Since the beginning of the year, the number has increased by 4.2 million.

In April alone, the number of people increased by 1.91 million.

It was revealed in the materials of the financial committee obtained by Chosun Ilbo.

Bank of Korea (Central Bank):

The Bank of Korea was also paying attention to the instability of cryptocurrency trading.

“Voice of questioning crypto assets” was also raised by other central bank leaders.

US Fed Chair Powell:
He points out that it is just a means of speculation.

ECB Degindos Vice President:
He said it should not be considered as a target for real investment.

Bank of England Governor Bailey:
He warned that it wasn’t worth the inherent value and that he should buy it if he was willing to lose all his money.

The above was reported by “Bloomberg” (May 28).

Chosun Ilbo: (May 28)

Investment in cryptocurrencies:

Looking at the amount of investment in the virtual currency exchange,

Since January 2018

127,700 billion won (12,540 billion yen) was deposited and 105 trillion won was withdrawn.

Account balance to virtual currency:

The account balance is 22.7 trillion won.

5.87 million people continue to invest.

In other words, it is “calculation that each person is investing 3.87 million won (380,000 yen)”.

Cryptocurrency price drop:

“Of these, the price has dropped by 40%.”

“Calculation that about 150,000 yen disappeared due to price drop”

Rapid increase in new cryptocurrency subscribers:

The number of new cryptocurrency subscribers has increased rapidly every month since October last year.

October last year 13,000 people
Last November 102,000 people
January this year 367,000 people
February this year 894,000 people
March this year, 1,116,000 people
April this year 1,915,000 people

Funds deposited in cryptocurrencies:

The amount of money deposited on exchanges has also increased significantly.

From 3.9 trillion won in December last year
It increased nine times to 33.2 trillion won in April this year.

World view of Toshiyoshi Katsumata

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