I don’t understand where such pessimism comes from if half of the crypto exchanges were not liquid from the very beginning. They do not have a unique offer to withstand competition and there are so many that they do not meet demand. I think it’s better to keep strong exchanges that comply with the law and have a license.
You forget that half of the cryptocurrencies will also disappear from the market and a new generation of coins will come. These are ordinary processes. The market eliminates weak players. This is better for investors. I understand that it may happen that the remaining exchanges will dictate special conditions, but the creation of new exchanges will continue.
Topic: South Korea discuss the possibility to give crypto a legal status (Read 431 times)
November 30, 2019, 06:12:03 AM
November 30, 2019, 06:11:06 AM
I don’t understand where such pessimism comes from if half of the crypto exchanges were not liquid from the very beginning. They do not have a unique offer to withstand competition and there are so many that they do not meet demand. I think it’s better to keep strong exchanges that comply with the law and have a license.
You forget that half of the cryptocurrencies will also disappear from the market and a new generation of coins will come. These are ordinary processes. The market eliminates weak players. This is better for investors. I understand that it may happen that the remaining exchanges will dictate special conditions, but the creation of new exchanges will continue.
November 30, 2019, 06:44:05 AM
After japan now it is time for south korea to launch their own crypto regulation by this regulation we can expect more countries to follow regulation and this regulation will bring positive approach for crypto currencies industry
They badly needed the regulations because of too much hacking incidents on most of the exchanges there and I hope this regulations can be more strict on exchanges because we lose too much money from the hackers. Yes, if bigger countries regulates cryptocurrency then we can expect other countries to think about it. We are not in rush on regulations, let’s be patience and every countries will adopt soon, we will mark the next 10years of cryptocurrency with a lot of good news. November 30, 2019, 06:08:57 AM
I don’t understand where such pessimism comes from if half of the crypto exchanges were not liquid from the very beginning. They do not have a unique offer to withstand competition and there are so many that they do not meet demand. I think it’s better to keep strong exchanges that comply with the law and have a license.
You forget that half of the cryptocurrencies will also disappear from the market and a new generation of coins will come. These are ordinary processes. The market eliminates weak players. This is better for investors. I understand that it may happen that the remaining exchanges will dictate special conditions, but the creation of new exchanges will continue. November 30, 2019, 06:02:56 AM
I don’t understand where such pessimism comes from if half of the crypto exchanges were not liquid from the very beginning. They do not have a unique offer to withstand competition and there are so many that they do not meet demand. I think it’s better to keep strong exchanges that comply with the law and have a license.
November 08, 2019, 01:10:53 PM
After japan now it is time for south korea to launch their own crypto regulation by this regulation we can expect more countries to follow regulation and this regulation will bring positive approach for crypto currencies industry
November 06, 2019, 01:56:30 PM
South Korea gives big importance to cryptocurrency market. I think it will not be surprising to see them be the pioneers of a crypto legalization. If they make it real, this will also be a brave move when other countries are not willing to do such thing.
November 06, 2019, 01:31:15 PM
Currently, crypto is NOT taxed in korea. If they do this, it most likely WILL be taxed in korea.
Please everyone, for the sake of me, let’s all sign a petition to stop the Korean government from doing this to ME and everyone like me. This will not raise trading volumes on korean exchanges and will only hurt those invested in crypto in korea.
Damn you Korean government! Damn you all to hell....! Source: http://www.thebchain.co.kr/news/articleView.html?idxno=5981
Please everyone, for the sake of me, let’s all sign a petition to stop the Korean government from doing this to ME and everyone like me. This will not raise trading volumes on korean exchanges and will only hurt those invested in crypto in korea.
Damn you Korean government! Damn you all to hell....! Source: http://www.thebchain.co.kr/news/articleView.html?idxno=5981
First off, who told you the South Korean government will tax cryptocurrency traders? Did the South Korean government outline paying taxes for cryptocurrency investors or what? As per as I know, the South Korean government is very impressed with cryptocurrency, they like cryptocurrency and also South Korea is one of the best cryptocurrency safe haven on the planet just like Japan.
November 06, 2019, 01:14:12 PM
Currently, crypto is NOT taxed in korea. If they do this, it most likely WILL be taxed in korea.
Please everyone, for the sake of me, let’s all sign a petition to stop the Korean government from doing this to ME and everyone like me. This will not raise trading volumes on korean exchanges and will only hurt those invested in crypto in korea.
Damn you Korean government! Damn you all to hell....! Source: http://www.thebchain.co.kr/news/articleView.html?idxno=5981
If they legalized the crypto in the South Korea then there is also a big possibility that the tax in the crypto will occur and will be done. One of the great thing why bitcoin and other cryptocurrency are keep on processing is because of it's tax free and this is also the reason why it is very strong of being a decentralized. Please everyone, for the sake of me, let’s all sign a petition to stop the Korean government from doing this to ME and everyone like me. This will not raise trading volumes on korean exchanges and will only hurt those invested in crypto in korea.
Damn you Korean government! Damn you all to hell....! Source: http://www.thebchain.co.kr/news/articleView.html?idxno=5981
If the government try to legalized the crypto in the South Korea then probably the government can control the cryptocurrency in their country and the investors are the one who will hurt about because they will be paying taxes once it was implemented.
November 06, 2019, 11:46:27 AM
South Korea is one of the the countries that are highly interested in cryptocurrency market. It is very good to see that South Korea government is discussing to make a cryptocurrency legal in the country. Maybe, that action could create a hype among other countries.
I'm literally proud that South Korea is getting used into crptocurrency, their country is getting better with the use of technology. Koreans are good at making decisions, maybe it's their advantage to do good decisions in the market.
While here in my country, even we have a lot pf platforms that accept BTC and a lot of users/investors but didnt even get successful in life because most of it are just self desires and greedy. I can't blame them since we're on a third world country, life is getting crucial.
November 06, 2019, 11:44:49 AM
Asian country become most interested with bitcoin as legal currency payment, after China want legal using bitcoin and now South Korea have begin for discussing with bitcoin become currency in their country, many interested with South Korea people make government want to adopt and use bitcoin as legal transaction payment for the future with discuss first with their institution.
November 06, 2019, 11:37:42 AM
South Korea is one of the the countries that are highly interested in cryptocurrency market. It is very good to see that South Korea government is discussing to make a cryptocurrency legal in the country. Maybe, that action could create a hype among other countries.
November 06, 2019, 11:17:57 AM
Strangely, people want BTC to be legal, but when BTC is considered legal, people don't want to pay taxes. If BTC is legal, then paying taxes is obvious. Before you do this you have to learn about tax rates.
You said it all. They don't want banning and restriction but now that they were given a chance to legally accept bitcoin on their country, they're still not contented and still find something to complain about. In exchange for legalization, you have to pay taxes. They only want to benefit but don't want to suffer a bit but it's not always like that. When in fact, it's for their own good as well, we still the one benefiting from the tax we pay. Personally, whether if it's legit or not, I see this as something good about bitcoin and crypto.
November 06, 2019, 11:08:59 AM
Strangely, people want BTC to be legal, but when BTC is considered legal, people don't want to pay taxes. If BTC is legal, then paying taxes is obvious. Before you do this you have to learn about tax rates.
You said it all. They don't want banning and restriction but now that they were given a chance to legally accept bitcoin on their country, they're still not contented and still find something to complain about. In exchange for legalization, you have to pay taxes. They only want to benefit but don't want to suffer a bit but it's not always like that. When in fact, it's for their own good as well, we still the one benefiting from the tax we pay. Personally, whether if it's legit or not, I see this as something good about bitcoin and crypto.
November 06, 2019, 09:20:16 AM
Currently, crypto is NOT taxed in korea. If they do this, it most likely WILL be taxed in korea.
Please everyone, for the sake of me, let’s all sign a petition to stop the Korean government from doing this to ME and everyone like me. This will not raise trading volumes on korean exchanges and will only hurt those invested in crypto in korea.
Damn you Korean government! Damn you all to hell....! Source: http://www.thebchain.co.kr/news/articleView.html?idxno=5981
Please everyone, for the sake of me, let’s all sign a petition to stop the Korean government from doing this to ME and everyone like me. This will not raise trading volumes on korean exchanges and will only hurt those invested in crypto in korea.
Damn you Korean government! Damn you all to hell....! Source: http://www.thebchain.co.kr/news/articleView.html?idxno=5981
This action by the South Korea government is good thing to officially make cryptocurrency legal. Legalisation does not necessarily mean that people will be taxed for using cryptocurrencies. It means the country finally recognised the use of cryptocurrencies as a legal entity. People with companies or platforms that provide services in the crypto ecosystem are the ones who are likely to pay some taxes for their services they provide to people. Individual people are not gonna pay taxes for owning cryptocurrencies...
Korea has really been positive with Bitcoin, when in fact, their financial regulatory bodies as per reports last year, it was reported that they will support normal crypto trading.
Actually, South Korea is the 3rd largest market for Bitcoin trades all over the world, this is according to the report by BBC, as their demand there gets so high, so this dramatic increase in interest by Korea to crypto investment is one of the reason that they will legalize crypto there.
November 06, 2019, 06:55:17 AM
Currently, crypto is NOT taxed in korea. If they do this, it most likely WILL be taxed in korea.
Please everyone, for the sake of me, let’s all sign a petition to stop the Korean government from doing this to ME and everyone like me. This will not raise trading volumes on korean exchanges and will only hurt those invested in crypto in korea.
Damn you Korean government! Damn you all to hell....! Source: http://www.thebchain.co.kr/news/articleView.html?idxno=5981
Please everyone, for the sake of me, let’s all sign a petition to stop the Korean government from doing this to ME and everyone like me. This will not raise trading volumes on korean exchanges and will only hurt those invested in crypto in korea.
Damn you Korean government! Damn you all to hell....! Source: http://www.thebchain.co.kr/news/articleView.html?idxno=5981
This action by the South Korea government is good thing to officially make cryptocurrency legal. Legalisation does not necessarily mean that people will be taxed for using cryptocurrencies. It means the country finally recognised the use of cryptocurrencies as a legal entity. People with companies or platforms that provide services in the crypto ecosystem are the ones who are likely to pay some taxes for their services they provide to people. Individual people are not gonna pay taxes for owning cryptocurrencies...
November 06, 2019, 04:38:05 AM
i thought Korea is a country that is friendly with cryptocurrencies as like Japan. or maybe at the moment still friendly, but new regulations will be put in place which might be a little burdensome to users such as taxation. I guess the ledge of applying the tax by the Korean government is a bit thicky.
because not all cryptocurrencies invested end in profit, the government must be able to filter which ones are really need to be taxed.
Yes, but Korea is still staying neutral with crypto for now. This is still a possibility and more consideration they need before they finally legalize bitcoin in their country. because not all cryptocurrencies invested end in profit, the government must be able to filter which ones are really need to be taxed.
If they implement the tax in crypto, it is for the good of the country, and I don't see any bad thing about that.
Also, if they add taxation, it is their decision on what source of income they will apply.
November 06, 2019, 02:58:14 AM
Currently, crypto is NOT taxed in korea. If they do this, it most likely WILL be taxed in korea.
Please everyone, for the sake of me, let’s all sign a petition to stop the Korean government from doing this to ME and everyone like me. This will not raise trading volumes on korean exchanges and will only hurt those invested in crypto in korea.
Damn you Korean government! Damn you all to hell....! Source: http://www.thebchain.co.kr/news/articleView.html?idxno=5981
I didn't think that people will support you in the aspect of writing a petition again them for taxing cryptocurrency because it will get to a point that virtually all countries that will adopt cryptocurrency will do same thing and this news is even more encouraging that Korean government would not be banning cryptocurrency, and one question that you need to ask is if you prefer them to create a taxing system for cryptocurrency, or to declare cryptocurrency as illegal, the choice is yours, but for me, I would rather prefer they tax because I don’t see why we should run away from tax. Please everyone, for the sake of me, let’s all sign a petition to stop the Korean government from doing this to ME and everyone like me. This will not raise trading volumes on korean exchanges and will only hurt those invested in crypto in korea.
Damn you Korean government! Damn you all to hell....! Source: http://www.thebchain.co.kr/news/articleView.html?idxno=5981
They are not stopping us from cutting the third party off our usage of bitcoin now, but for the part that is more important to government is taxing which you will be offending them greatly if they don’t get to tax.
November 03, 2019, 03:27:47 PM
South Korea has always been viewed as one of the most Cryptocurrency friendly countries in the whole world, I am surprised when I saw this news because I was thinking that Cryptocurrencies were already legal in the country, atleast it's not illegal because South Koreans are one of the biggest investors in the space and even the biggest messaging service (Kakao talk) had their own Cryptocurrency project, I would play my own part though.
November 03, 2019, 10:55:22 AM
Is it really too bad for the South Korean government to impose taxes in cryptocurrencies. I mean that aren’t you being too greedy? Isn’t it a part of your responsibility as a citizen to pay taxes since it would be used for the country’s prosperity. As long as the taxes are reasonable and the taxes would only be imposed with reasonable minimum income stated by the law earned in crypto then I guess there is no problem there.
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