Bitcoin Forum

http://www.segye.com/newsView/20171208004021


segye(in english word, World) news reported this news 1 hours ago.

Cryptocurrency(Including bitcoin) prices are soaring so fast that the South Korea government is considering it's restrictions...


It seems like an anachronistic policy.

The National Tax Service (NTS) of South Korea has unveiled its plans for the taxation of crypto-coins. This was announced at the National Tax Administration Forum of 2017, organized by the agency in conjunction with the National Tax Administration Reform Committee and the Korean Institute of Public Finance. The NTS also indicated in the forum that it is necessary to change existing tax laws to collect income tax on the profits generated by the trading of crypto-currencies.
Several developed countries are already taxing income and income transfer through crypto-coins.

In this region there is a very tense situation in connection with the worsening situation with North Korea and the threat of war. Therefore, prices are rising in ordinary money and especially in the crypto currency, because it was very convenient in case of rapid evacuation. Therefore, bitcoin costs more than 20 000 dollars. There is nothing surprising in that the government of South Korea wants to protect its economy from unbalancing and therefore wants to introduce some restrictions on the crypto currency. In fact, earlier in this country there was a normal approach to the crypto currency and this country was one of the first places in terms of the volume of the sale of the currency on the exchange. Taxation of the crypto currency is also a common practice of all states.

Under the control of government  is necessary, but, It should not as strict as China.

Regulations, instead of restrictions, may be the more appropriate term. Believe it or not, some governments do really care for the welfare of their citizens. South Korea, having one of the fastest internet speed in the world doesn’t come as a surprise for being one of them.

Similarly as Cointelegraph reported, south Korea’s leader published that those government is actively investigating under systems of giving their people about cryptocurrency ..also Bitcoin investors with consumer protection, Anti-Money Laundering (AML) policies, Also securing client assets.