South Koreans are paying a 3% premium to buy bitcoin compared to their counterparts in the US, as they seek protection from the weakening South Korean won. The largest cryptocurrency is valued at $98,600 on Upbit, the country's largest crypto exchange, while the same amount is priced at about $96,700 on Coinbase. This increase in demand for bitcoin comes as the South Korean parliament voted to impeach the prime minister and acting president, causing the won to hit a 15-year low against the dollar. This political turmoil and the erosion of trust in South Korea's National Election Commission highlight the fragility of democracy and serve as a warning to democracies worldwide.



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