Topic: Korea will not impose a virtual currency ban in the near future. (Read 150 times)
South Korean authorities are concerned about possible tax evasion and the development of crypto-currency gambling. Seoul wants to pass a law prohibiting the circulation of crypto-currencies, such as bitcoin, on its stock exchanges.
February 12, 2018, 07:41:57 AM
Korea is now planning controls on how to monitor virtual currency in the market so that the government can benefit.
February 12, 2018, 07:28:52 AM
What I think is .. no country out there will put a ban on Bitcoins since it's earning them revenues ..
Most countries are putting it under the .. things that are taxable and that's really something that they don't wanna loose .
Why would government give up on something that's paying them ?
I feel they are just going to be more flexible and impose more taxes.
Most countries are putting it under the .. things that are taxable and that's really something that they don't wanna loose .
Why would government give up on something that's paying them ?
I feel they are just going to be more flexible and impose more taxes.
February 12, 2018, 07:09:57 AM
Instead of the good news that bitcoin will not be prohibited in one more country im not sure if others will take it into consideration, you know, i mean that seems like we are in the era of " if others do it, i will do it", since korea leaders seems like is not a friendly man for others and not mentally balanced ( i hope that nobody will feel offended for it, is not my intention )
February 12, 2018, 07:04:34 AM
They will not do it since a lot of them is into crypto anyway and many of them are trading, so many people there are benefiting from it so I think they will keep it open for their people.
February 12, 2018, 06:58:01 AM
I had expected that too many people in South Korea were trading bitcoins.
The government will not ignore the will of the people. And South Korea will tax bitcoin transactions, which will benefit South Korea's economic development.
The government will not ignore the will of the people. And South Korea will tax bitcoin transactions, which will benefit South Korea's economic development.
February 12, 2018, 06:55:00 AM
Quote
Personally for me in this news there is nothing surprising. Because I know when the market is falling, there are news of various prohibitions so that large investors enter the market at low prices. Now the bad news is canceled and the market will recover.
I agree to the full 100%. In the fall of 2017, there was a similar drop in the market and then such news was related to China. February 12, 2018, 06:50:30 AM
Korea is doing taxation for crypto traders developed country need to do such measures for future
February 01, 2018, 07:54:46 AM
January 31, 2018 South Korean Minister of Economy Kim Dong-yeon reaffirmed that the Korean government's stance would not prohibit virtual currency in Korea.
These statements have had a positive impact on the virtual currency market today, especially Bitcoin.
I hope the bitcoin will have good signal to increase after a long time gloomy.
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