Topic: South Korea Opens Doors for Cryptocurrency - page 20. (Read 2823 times)
In my opinion that's a good news form south korea but I think not south korea most of the villege and countries opens doors for cryptocurrency. it will help many investors to trade.
I hope they can help the market at this trying times, there were reports that it could go down to $5500 or even lower, but people are also positive it will bounce back we are in the middle of the year and people are very optimistic of a repeat on what happen last year.
wow that is great news now this will serves as a means of increase in market since the south korea opens door for cryptocurrency, how i wish all the country will also open door for cryptocurrency this would have be a great development in the blockchain technology system.
In conclusion, Crypto is accepted by government's legal property, SO MANY KOREAN INVESTORS WILL GET INTO MARKET AGAIN!
I really doubt that. The South Korean government policies regarding crypto-currencies changed every two hours or so during the beginning of this year. And that caused a lot of chaos in the exchanges. A lot of investors lost their money due to their ever-changing stance. I really doubt whether the South Korean users will feel confident with the government policies now.
South Korea is the one of many big country that want to accept bitcoin, why? we can see that South Korea is lead on technology industries, maybe South Korea has the project with bitcoin in their country maybe it is the reason why they want to accept bitcoin not against it
10~15% taxes for crypto in South Korea is high and that value gonna reduce the profits of korean people in crypto i hope cryptocurrency be legal in my country
Great news for the Korean crypto community as they hold a good share of traders.
South Korea set up a task force including private experts to increase the transparency of cryptocurrency trading and establish a healthy trading order. The government should also consider forming new committees and establishing a system of government at the level as an effort to systematically establish a blockchain policy and efficiently provide industry support. South Korea will also form the legal basis for trading crypto currencies, including permits from ICO, through the Standing Committee of the National Assembly. Surely this is good news, and the real evidence of the development of digital technology will soon be visible and also felt.
Before this time, almost Korean investors really worried about new tax policy for cryptocurrency.
That's why all news said the government will apply 3~40%taxes for crypto at Jul~Aug.
But today, the government said we will apply 10~15%taxes for crypto like interest income tax, and it is very acceptable to all Korean investors.
Also they said we feel hard to say it will happen within this year and although will happen this year, there will be 1~2years stay period.
http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&oid=023&aid=0003382087&sid1=001&lfrom=kakao
In conclusion, Crypto is accepted by government's legal property, SO MANY KOREAN INVESTORS WILL GET INTO MARKET AGAIN!
That's why all news said the government will apply 3~40%taxes for crypto at Jul~Aug.
But today, the government said we will apply 10~15%taxes for crypto like interest income tax, and it is very acceptable to all Korean investors.
Also they said we feel hard to say it will happen within this year and although will happen this year, there will be 1~2years stay period.
http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&oid=023&aid=0003382087&sid1=001&lfrom=kakao
In conclusion, Crypto is accepted by government's legal property, SO MANY KOREAN INVESTORS WILL GET INTO MARKET AGAIN!
That is pretty good news I guess. If they were seriously going to enforce something like up to 40% taxes on crypto that would be absolutely insane and almost certainly do a good job of killing a lot of the legitimate demand. It would probably drive a lot of people to try to evade paying any taxes on crypto at all I'd guess.
South Korea opens door for crypto? Well its nice to hear that and that is a good thing and I hope many country try to open doors for crypto currency. Soon I know it will rise the value of crypto currencies.
In the sea of so many bad news, this is really a good news. I believe that South Korea is one of the most crypto friendly countries in recent time. And I hope they will take decision to spread it over the country in coming days.
how to do it right I hope the future of countries around the world will do so
It is a good thing that Korean governments are charging tax and that too of fair amount. at least they are not giving statements of banning crypto and all like the government in my country. This move will definitely give confidence to the investors and I wish to see such regulations in my country too.
Exactly, it’s such a great news not only Korean but also other countries. Because when a country accept bitcoin, it would be much more likely to make others accept cryptocurrency, also it pave a way for digital currency to develop considerably. Gradually, cryptocurrencies are perhaps accepted in the most parts of the world. In fact, when governments accept bitcoin, they definitely find out a huge benefits that they can exploit from bitcoin. Evidently the tax is quite high but anyway it’s better than imposing a ban on bitcoin. Congratulation to korean investors!
According to sources, Korea is having an open policy on bitcoin trading. This is an important event for the bitcoin community as well as for Korean bicofinate members South Korea Opens Doors for Cryptocurrency.
That's the greatest news of all week. South Korean crypto market is huge. it will help many investors to trade again.
This news is not yet confirmed and thus it is very suspicious in nature. According to some websites, this news is fake and South Korea is not planning to levy any tax on cryptocurrencies.
* South Korea denies report of capital gains tax on cryptocurrencies.
* South Korea: Reports of 10% Tax on Cryptocurrency Gains Are Fake.
We have seen such thing happening with the name of India too but that was also the fake news planted in the market for some unknown reasons. In fact, government and the central bank have instructed banks to stop giving services to the exchanges involved in cryptocurrencies and the deadline is within a month.
* South Korea denies report of capital gains tax on cryptocurrencies.
* South Korea: Reports of 10% Tax on Cryptocurrency Gains Are Fake.
We have seen such thing happening with the name of India too but that was also the fake news planted in the market for some unknown reasons. In fact, government and the central bank have instructed banks to stop giving services to the exchanges involved in cryptocurrencies and the deadline is within a month.
Glad to hear that. South Korea's economy is currently 11th largest in the world. So i think many top investors will be interested in Bitcoin and it will eventually helps the price to increase.
I was thinking the same thing.
Before this time, almost Korean investors really worried about new tax policy for cryptocurrency.
That's why all news said the government will apply 3~40%taxes for crypto at Jul~Aug.
But today, the government said we will apply 10~15%taxes for crypto like interest income tax, and it is very acceptable to all Korean investors.
Also they said we feel hard to say it will happen within this year and although will happen this year, there will be 1~2years stay period.
http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&oid=023&aid=0003382087&sid1=001&lfrom=kakao
In conclusion, Crypto is accepted by government's legal property, SO MANY KOREAN INVESTORS WILL GET INTO MARKET AGAIN!
That's why all news said the government will apply 3~40%taxes for crypto at Jul~Aug.
But today, the government said we will apply 10~15%taxes for crypto like interest income tax, and it is very acceptable to all Korean investors.
Also they said we feel hard to say it will happen within this year and although will happen this year, there will be 1~2years stay period.
http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&oid=023&aid=0003382087&sid1=001&lfrom=kakao
In conclusion, Crypto is accepted by government's legal property, SO MANY KOREAN INVESTORS WILL GET INTO MARKET AGAIN!
it's good but It contradicts the exiatense of Bitcoin, Bitcoin was created to be tax free and away from government or any central agency. That's the price of integrating it with governmwnt policies.
In the future, Korea will set up a bitcoin market research firm to pursue more beneficial policies for bitcoin. Korea's official opening for the electronic money trading platform so that the market is more stable and easy to control,
It may be a slow progress but still better than nothing. This will contribute to the bitcoin price movement since many investors from Korea will gather up again to invest and work for bitcoin.
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