This means we must be ready for a large fee for each transaction. if every country does the same thing in south korea, then the fee for crypto transactions will really be very high, and it is not impossible that people's interest will decrease.
To my great regret, we are moving in this direction. And everything started so well ... Anonymity, independence from states ... Gradually, we will be deprived of all this. 
Topic: SOUTH KOREA BACK IN THE GAME? 24.2% isn't too bad (Read 671 times)
This means we must be ready for a large fee for each transaction. if every country does the same thing in south korea, then the fee for crypto transactions will really be very high, and it is not impossible that people's interest will decrease.
Yesterday, was a great day. Kakao Talk the service provider for major South Korean mobile messaging app KakaoTalk, will be establishing a Blockchain subsidiary tentatively named “Kakao Blockchain” and is considering launching an Initial Coin Offering (ICO), Huffington Post Korea reported March 5.
South Korean companies want to lead the mass adoption of blockchain technology. So yes back in the game
South Korean companies want to lead the mass adoption of blockchain technology. So yes back in the game
That is interesting. That is going to be the 2nd future blockchain from South Korea. Would you know how Kakao Blockchain plan to differentiate from ICON? I wonder though why a multi million revenue company has to facilitate an ICO for such a project, they could easily finance that out of their Marketing and Product Development budget. Hopefully it's not just a money grab.
I like how they went from trying to ban crypto to being back in the game. 
Goes to show how volatile the whole crypto situation is in the world.
Goes to show how volatile the whole crypto situation is in the world.
I think the main thing is that many investors and traders have the opportunity to return to the cryptocurrency world. In this situation, it is better to participate than to stand aside and watch the events.
Yes, the positive moment in this event is that the crypto currency is completely legal. A negative point is that the tax is too high. In general, I think that the government could introduce a preferential tax-exempt piroid for several years, but this was not done.
This is good news so cryptocurrency market will be more popular and bigger , also give many benefits to more people. Because actually crypto can changed many people financial's better. This is good thing than their government ban or to be illegal of crypto in their country.
Yesterday, was a great day. Kakao Talk the service provider for major South Korean mobile messaging app KakaoTalk, will be establishing a Blockchain subsidiary tentatively named “Kakao Blockchain” and is considering launching an Initial Coin Offering (ICO), Huffington Post Korea reported March 5.
South Korean companies want to lead the mass adoption of blockchain technology. So yes back in the game
South Korean companies want to lead the mass adoption of blockchain technology. So yes back in the game
This is better than forbidden
A lot of good news from South Korea for the last few weeks. They always be here, they never left the game
I think the main thing is that many investors and traders have the opportunity to return to the cryptocurrency world. In this situation, it is better to participate than to stand aside and watch the events.
Back in the game? Paying 24.2% taxes? I don't think so.
With so high taxation (I suppose it was much lower) I think the exchanges will move to other tax-friendly countries to avoid it.
At the end, all the taxes are paid by the customers. Bithub would increase the fees due to the higher taxation and the people would move to other crypto exchanges because of this increase.
What remains is to find out what will happen to the 200000 signature petition.
As far as I remember, a 24.2 percent tax is levied from crypto-exchange exchanges, and not from citizens. When taxing citizens, it seems like a lower rate is applied. However, if so, it is even better than the ban on dealing with crypto currency. As for the requirement to identify a person when carrying out operations with crypto currency, then most likely, such practice will soon be in most countries. With so high taxation (I suppose it was much lower) I think the exchanges will move to other tax-friendly countries to avoid it.
At the end, all the taxes are paid by the customers. Bithub would increase the fees due to the higher taxation and the people would move to other crypto exchanges because of this increase.
What remains is to find out what will happen to the 200000 signature petition.
listen to the guys from where such figures have fooled you at the end of 2017 sharp jump and you expect coins of such returns )))), the more players in the market, respectively, more rules and kotrolya, so forget )))
I actually think %20 or something like tax isn't huge deal as its not that high. But I believe it will force especially small players to operate in some other ways. I wish South Korea could make this lot less for small players..
If government is allowing the cryptocurrency the major reason would be to have a income generation through the way of taxes. Thus 20% of the taxes on profit should be an ideal one as it will help the economy of the country too to get some income through taxes on profits made during the year by investors on such virtual currencies.
I am not sure whether this is bad news or not. The tax rates are reasonable, but the attitude of the government officials remain extremely negative towards crypto-currency. On top of the new taxes, I am sure that they will create more and more obstacles for the normal operation of the exchanges.
Are you kidding? I'm not sure that 24,2% is reasonable tax. As for me, it is too much and I think many will want to find other exchanges that are not burdened with such a large tax
I am not sure whether this is bad news or not. The tax rates are reasonable, but the attitude of the government officials remain extremely negative towards crypto-currency. On top of the new taxes, I am sure that they will create more and more obstacles for the normal operation of the exchanges.
Are you kidding? I'm not sure that 24,2% is reasonable tax. As for me, it is too much and I think many will want to find other exchanges that are not burdened with such a large taxI actually think %20 or something like tax isn't huge deal as its not that high. But I believe it will force especially small players to operate in some other ways. I wish South Korea could make this lot less for small players..
But you will probably need to pay another tax to your income. Another tax to pay in my country is around 20%.
So 20%+20%=40% is not so low as you think.
South Korea was another manipulation tool. A person always hears what he wants to hear. Therefore, I advise you to filter all the news and draw the appropriate conclusions, rather than stupidly believe all these news.
South Koreans have been at the top of crypto for a long time. What is amazing to see was how Koinex(one of the Indian exchanges) when listed Request on their exchange recently pumped the price of REQ globally.
I think this is a good thing, because the tax is to admit the entire market trading is legal, but for encryption tax money market is a bit too high, the proportion is not very reasonable, I think there may be further adjustment in the future.
I actually think %20 or something like tax isn't huge deal as its not that high. But I believe it will force especially small players to operate in some other ways. I wish South Korea could make this lot less for small players..
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