Thats a great news and hope more countries will follow this trend. But what make me worries is cryptocurrency heist which hit South Korean exchange yesterday. I heard that exchange lost around $31m.
Hope when new countries are accepting the crypto trend there will be more regulations to protect the interest of investors and may the corrupt hackers will be caught.
Topic: South Korea Opens Doors for Cryptocurrency - page 21. (Read 2823 times)
This is just good news. More and more countries against bitcoin or cryptocurrency will soon emerge along with South Korea and embrace it. Nonetheless there will be regulations, so long as investors are free to buy and sell crypto, that's just about right.
It's a good news for Korean cryptocurrency investors, but their exchange hacked put the industry in a downtrend, they need to hire first-class coder and security experts, to secure their exchange, this is very important if they want their locals to trade in their platform.
South Korea is a country who plays a vital role in world economy and politics at this time. Now they introduce bitcoin to their country people. They not only introduce but also set a reasonable tax on it. Country people accept this decision positively. I think this decision lead other country to accept and set this type of tax policy for bitcoin. I think within a few years most of the country which play a vital role in world economy an world politics will accept bitcoin and set a reasonable tax on it.
Slowly every country will open the doors for crypto currency.
It's nice to hear that there are countries who are now accepting cryptocurrencies and putting taxes on them rather than banning it. If South Korea is now accepting cryptos, many countries will soon to follow and our market will be filled with new investors again. Soon our market will flood green again that will sure attract more investors even in different countries.
this is news as well as a fresh agent for cryiptocurrency for the better. hopefully this becomes the beginning of the year 2018 cryiptocurrency becomes worth and the price is improving. as happened at the end of 2017 repeats itself
it will be a good news if south korea opens the door for the crypto currencies.. it will rise the value of crypto currencies...
I believe in a year or two we will see the whole world moving in the same direction regarding bitcoin. most of the countries will start off by calling bitcoin things like "commodity" and then setting taxes like this, sometimes higher than it should be and some other countries will see its true nature and see it as a "currency".
in the end the best way is to take taxes from the investors on exchanges and remove taxes from it for those who use it as a currency. basically something like Japan with a lower tax.
in the end the best way is to take taxes from the investors on exchanges and remove taxes from it for those who use it as a currency. basically something like Japan with a lower tax.
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.
Yes you're right..And it's good news to hear about South Korea open door for cryptocurrency,through this it gives influenced for some other country to follow the step of south korea to open doors for crypto currency in thier respective country.
A very good news undoutedly and this will help in development of both South Korea and crypto world. Soon other countries will come forward and use crypto for their own development.
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.
Hopefully positive, Hopefully the prospect of cryptocurrency there also works well. South Korea is one of the Asian countries that has very good economic development. Hopefully the potential of south korea will affect other Asian countries.
I believe in a year or two we will see the whole world moving in the same direction regarding bitcoin. most of the countries will start off by calling bitcoin things like "commodity" and then setting taxes like this, sometimes higher than it should be and some other countries will see its true nature and see it as a "currency".
in the end the best way is to take taxes from the investors on exchanges and remove taxes from it for those who use it as a currency. basically something like Japan with a lower tax.
Yes , I think the same. Most of the countires will start accepting Bitcoin and other cryptocurrency as good,assets or commodities etc.. and tax it accordingly. I have already heard that India is planning on to treat cryptocurrencies as good and tax it accordingly for buy and sell.in the end the best way is to take taxes from the investors on exchanges and remove taxes from it for those who use it as a currency. basically something like Japan with a lower tax.
If all countries start doing the same then cryptocurrencies will be accepted as payments in many countries and may be then the market will be going green.
If this is true, then it will make the price of bitcoins and all other altcoins to go higher because I'm pretty sure more people there will buy or invest in crypto coins. And it can help for the betterment of crypto market because surely the demand will be high amd more opportunities will be coming here in crypto world.
I believe in a year or two we will see the whole world moving in the same direction regarding bitcoin. most of the countries will start off by calling bitcoin things like "commodity" and then setting taxes like this, sometimes higher than it should be and some other countries will see its true nature and see it as a "currency".
in the end the best way is to take taxes from the investors on exchanges and remove taxes from it for those who use it as a currency. basically something like Japan with a lower tax.
in the end the best way is to take taxes from the investors on exchanges and remove taxes from it for those who use it as a currency. basically something like Japan with a lower tax.
I partially agree with you, Profits and taxes should be taken from investors trading on the exchange of currencies. Conventional holders for purses should not be touched. Naturally, the exchanges will be registered in countries where there will be zero taxes on their activities. For example, as it did exchange Binance. She moved from Japan to Malta.
Great news. Hope it is begining of world mass adoption that Will cause linear (not parabolic) growth in nearest future)
Unfortunately i can not find a Link, but i've read that some kind of EU soviet (smth like that
) wanted all its countries to have a crypto regulating laws not later than in 18 month. So looks like we have not much time before enormous money Flow going into crypto market. It's awesome 
One more question mantioned above is how they Will take taxes from crypto? I understand how to do it on centralized exchanges, and what about dex and others p2p options? The only way i see is enforsed kyc procedure, when registering a wallet, but it surely Will be services to do it incognito)
Or may be they Will Just watch for All crypto and Fiat transactions in the country... I hope for now it is quiet impossible, but i'm not sure..
And the other side of taxing is volatility.. And here i see two ways again: tax withdrowals from exchanges and take No taxes from users as currency. Or they can take their fees in btc and start making government btc reserve like gold reserve)
Unfortunately i can not find a Link, but i've read that some kind of EU soviet (smth like that
) wanted all its countries to have a crypto regulating laws not later than in 18 month. So looks like we have not much time before enormous money Flow going into crypto market. It's awesome One more question mantioned above is how they Will take taxes from crypto? I understand how to do it on centralized exchanges, and what about dex and others p2p options? The only way i see is enforsed kyc procedure, when registering a wallet, but it surely Will be services to do it incognito)
Or may be they Will Just watch for All crypto and Fiat transactions in the country... I hope for now it is quiet impossible, but i'm not sure..
And the other side of taxing is volatility.. And here i see two ways again: tax withdrowals from exchanges and take No taxes from users as currency. Or they can take their fees in btc and start making government btc reserve like gold reserve)
As far as I know, Korea is the country with the largest number of people investing and participating in cryptocurrency. Korean policy has opened the door to Bitcoin, which means that more countries will accept it. The Bitcoin market will return. Hope so.
Very good news from South Korea. Two recent news that from their exchanges and exchangers were abducted about 40 and 30 million dollars in the crypto currency were extremely bad. The introduction of a 10-15 percent profit tax on crypto currency is one of the lowest in the world. Apparently, the government of this country is betting on mass character and this is very correct. A high tax would drive the crypto currency into the shadow, because it is very poorly tracked. I hope that bitcoin will go up after this.
Yes, I agree. This is the beginning for the development of the crypto currency not only for them. All countries should establish such low taxes, until the crypto currency is a national currency.
Very good news from South Korea. Two recent news that from their exchanges and exchangers were abducted about 40 and 30 million dollars in the crypto currency were extremely bad. The introduction of a 10-15 percent profit tax on crypto currency is one of the lowest in the world. Apparently, the government of this country is betting on mass character and this is very correct. A high tax would drive the crypto currency into the shadow, because it is very poorly tracked. I hope that bitcoin will go up after this.
a great relief for South Korean Bitcoiners, miners and Ceypro investors, no doubt!
Wow it's a great news and that must be celebrated. Another milestone has set by bitcoin and for sure a lot of opportunities will come. It always nice to get news like this because it motivates us to strive for more. Just imagine the good effect of this to the bitcoin community. It will surely pave the way for more upcoming blessings.Jump to: