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Title: Banks encouraged to work with cryptos Post by: kingkats0803 on February 21, 2018, 12:28:25 AM The Director of the South Korean Financial Supervisory Service has announced that government will support cryptocurrency transactions and encouraged banks to work with them!
This is in its entirety a leap for the better development and establishment of cryptocurrencies guys. What's the good news in yours? https://news.bitcoin.com/south-korean-regulator-supports-normal-cryptocurrency-transactions/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications Title: Re: Banks encouraged to work with cryptos Post by: zenrol28 on February 21, 2018, 12:33:51 AM Something good and bad.
Good, becuase cryptocurrency got their support. Bad, will it be for free? I guess not, it will be taxed big time. That's their catch. Governments always eye on anything that they can be taxed and extract money of it. Title: Re: Banks encouraged to work with cryptos Post by: marydale on February 21, 2018, 12:44:16 AM Something good and bad. Good, becuase cryptocurrency got their support. Bad, will it be for free? I guess not, it will be taxed big time. That's their catch. Governments always eye on anything that they can be taxed and extract money of it. Yes it's a like a bane or boon circumstance. For certain taxes are gonna be imposed, but the good thing is, crypto transactions are not banned and taxes are exacted for our protection. But we can always choose not undergo transactions under their umbrella and keep our coins intact tough. Although, nevertheless, this is good news. Title: Re: Banks encouraged to work with cryptos Post by: kingcrypto-the2nd on March 01, 2018, 08:09:38 AM crypto will takeover,patience patience.
Title: Re: Banks encouraged to work with cryptos Post by: Hellobx on March 01, 2018, 08:12:56 AM Taxes have two sides to bitcoin.
On the one hand, this means recognizing that bitcoin is legal, so we can legally trade it. On the other hand, tax revenue is a big number, so our income will be greatly reduced. |