Bitcoin Forum

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!

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.

I hope this will make bitcoin prices skyrocket again if more countries allow bitcoin, eat more investors to invest in it, automatically if the number of investors increases then the price will immediately move up, and this will provide benefits for investors because the price difference buying and selling price

Good news, seems to be a lot of good news lately but still the price keeps going down. Expecting it to start going back up again soon.

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.

Well it's really a great news that south Korea open doors for Cryptocurrency my opninon its the first drop of rain hopefully few more steps of this kind we shall see soon these steps make the market more stable and strong, its a great step from both of authorities.

The fact that government is applying taxes on cryptocurrencies means that they will realize it will be like gold and other investment property so this is a good thing and 10-15% is something that's acceptable because there are countries where the government is thinking of applying even more tax. It's anyways better than banning them.
Also South Korea is already a large hub for Bitcoins and government will gain profit through this " lots of profit " this way it will be a win win situation for both of them.

I do not agree with this statement and I believe that a person who is interested in this is entitled to take part in trade. and sex has nothing to do

Fair amount of taxes will attract more investors towards it and many other governments also need to follow the fair taxation system for the crypto earnings then only more people will get interested to do this and the governments can make more revenue.

And I hope this kind of news will bring some upward movements in the bitcoin prices in the coming weeks. :)

That's good to know. South Korea is playing great role to Cryptocurrency market. I think this may increase the price of cryptos again.

Then this is good cutting the percentage of tax that cryptocurrency traders/investors will pay instead of paying 40% which is ridiculous. But I don't see that any moment right now that korean investors will enter the market because of the recent problem that their local exchange had been hacked and losing millions of dollars and chances that many people may lose their trust on that exchange but not a serious problem since there are lots of exchange to use. But I can see in long term, if koreans will trade or invest again in cryptocurrency market then we can expect a new bull run because we all know that large volume of trades came from korea last year.

I wonder how you can calculate the amount of tax on cryptocurrencies? They have constant volatility. This is possible for legal entities that maintain accounting records. But for individuals it will be a problem. But I am wary of such news in any case. Regulation of cryptocurrencies can scare off large investors and bitcoin will lose most of its capitalization. Maybe it's happening now.

WOOWW :O this is really good news!

https://btcmanager.com/south-korean-banks-to-utilize-blockchain-for-digital-i-d/

It is good news for bitcoin community.  The percent tax impose is indeed acceptable. Let us all look forward that because the acceptance of bitcoin,  will likewise draw investors. Let us hope for the best in crypto.

i know it all people that open with technology like South Korea, Japanese will accept bitcoin because they know that bitcoin is the future of currencies and blockchain is the future of the system, so they accept it. Right now we will wait that other country will accept bitcoin in the future

And after a long run finally I can see a good sign for a good future of bitcoin in the market. This maybe could the reason that bitcoin will soar high again and could be the reason too for the changes of the market status. We'll I'll only hope for the best for bitcoin and so to any altcoins too that this happenings could brought a good sign to crypto world.

That's a real deal. Korean government is really serious about this crypto business. They know how to make this market be their strength.
https://btcmanager.com/south-korea-may-launch-dedicated-cryptocurrency-zone-for-companies/ :)

thats a great news for them because then can easily now access bitcoin and ita match for their technology that is very high tech so that would ve cool if you live there

it's good that crypto will get regulated, but the problem is that there is a tax on it. For trading that might work just fine, but shold it be used as a currency, that will be a problem.

That was a great move of South Korean government to allow cryptocurrencies enter their community. This means that they trusted the butcoin technology and believe that the system has a big future in the world. Maybe one day, other countires will also decide on allowing bitcoin to enter their government.

a great relief for South Korean Bitcoiners, miners and Ceypro investors, no doubt!

That is still a large sum of money if you are investing a lot.
It should have been free. But for the sake of their own greedy needs it will be given.

So what is the deal? They will take taxes from crypto investors in what exchange? Will they work harder if an exchange suddenly get hacked again?

Looks like they made some move after helping to solve coinrail problem.

Well, this is a great news for the community of investors not only in S Korea but around the world. And also it's a beginning of opening doors for accepting cryptos than resisting it.

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.

This is really a great news, and another step for crypto. More countries should be aware of the benefits of using crypto. It's more convenient and faster.

S. Korea will definitely benefit from this innovation, especially that they are selling goods all over the world.

Maybe good news for the bitcoin community,but many people don't think so because I can't see any growth in the bitcoin prices even now.But hope to see that more coutries will take action like this and help the crypto community to grow more in the upcoming days.

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.

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.

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 :D

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)

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.

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.

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.
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.

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.

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.

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.

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.

it will be a good news if south korea opens the door for the crypto currencies.. it will rise the value of crypto currencies...

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'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.

Slowly every country will open the doors for crypto currency.

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.

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.

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.

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.

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.

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'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.

I was thinking the same thing.  ::) ::)

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 (https://www.forexlive.com/cryptocurrency/!/south-korea-denies-report-of-capital-gains-tax-on-cryptocurrencies-report-20180622).

* South Korea: Reports of 10% Tax on Cryptocurrency Gains Are Fake (https://bitcoinist.com/south-korea-denies-tax-cryptocurrency/).

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.

That's the greatest news of all week. South Korean crypto market is huge. it will help many investors to trade again.

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.

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!

how to do it right I hope the future of countries around the world will do so

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.

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.

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 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.

Great news for the Korean crypto community as they hold a good share of traders.

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

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

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.

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.

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.

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 do hope that it is true since it will boost the adoption of Bitcoin in South Korea and other country who did not embrace Bitcoin. It seems that many investor will be Glad with this news.

Hope huge country like China will also do the same thing as South Korea. They see cryptocurrencies as good investment. South Korea soon to be the cryptocurrency haven just like Japan. Imposing 10%-15% on trading tax is not bad. Atleast their government is not thinking about prohibition of usage and trading cryptocurrency at their territory. Philippines is known to be a crypto friendly country too. People are just not properly educated about it. Also they've already got an local exchange there. So if the government is optimistic about it. Im sure this country will be known to be crypto haven too. At last, we a good news today. I hope there's more to come.

Well it is a very good news for the Korean investors. I hope that the Korean investors will come back to the market again and along with more new investors.

This is good news for the whole Bitcoin community, since the introduction of the taxation of cryptocurrencies means that the government has officially recognized the cryptocurrency and is looking for ways to interact with them. I am sure that in the near future we will see more news of this kind.

Korea is an economically and technologically advanced country, so it is not surprising that it did not stay aloof in the issue of cryptocurrency. This is definitely good news, because the governments of other countries can also follow the example of Korea and accept the taxation of cryptocurrencies.

Sooner or later, every country in the world will accept cryptocurrency. Cryptocurrency is the future to the digital transaction sytem. But, yes, some countries will adopt it by imposing tax and other regulations on it.

These are signs that the world is slowly adapting to crypto currencies. Most of the countries are already treating btcoins as a means of exchange and are treating it as commodity. When a developed country starts using bitcoins, it means that bitcoins will replace tangible currencies in the future soon.

This would be nice now incoming 2018, i hope South Korea will a lot of benefits of this crypto - currency, but as far i can see there would be a very strong bull market in the end of 2018, hope they will predict the $50,000 price of bitcoins in the end of 2018.

Well just like south korea, china and other countries against btc will probably soften their stand in time but regulations will be a part of why btc will have mainstream acceptance from all countries. Without certain regulations, there will always be reasons for bans.

Another great news about for the crypto world. Hope that this news will bring the market up again. I think many Koreans will be benefiting with this and also to its nearby countries....

Based on crypto market there is lots of facilities is given nowadays because many country accepted crypto currency also many of them open atm booth for crypto based on this Korea has taken a good initiative based on this there economy will increase more than before because crypto currency make our life more easy.

If we can have one country that accept bitcoin this warm,and will open their policy for cryptocurrency in just two years we can cover the whole world and uses our crypto coins together may use the service and product every ico offers.

Cant wait to see this world reaction in positivity towards cryptocurrency

This news is really great to hear,even if we are paying tax to regulate bitcoin in such country this steps that the people will get more interest in bitcoin,it think government of korea are more open minded in terms of crypto currency.

I also heard about it and know for sure that Socratus is already there and very quickly develops

With their advance knowledge for sure they seen a good potential in using this technology, well we all knew that with this stand that they showed many more countries will adopt also the system and by following those well developed countries like japan, many more government will see the advantage and slowly get into this chain as well, we just need to take this step in a positive prospective to help lifting the current situations, bitcoin will surprise us more in coming months just keep spreading good news.

This is good news for us.we are so happy.Thanks for south Korea government. He do the  right decision for this country.I think as soon as bitcoin price will be increase.

This is a good news for the cryptocurrency because another country has embracing cryptocurrency and is able to appreciate how cryptocurrency works. As we all know that this kind of investment is unique and one of a kind investment being by many of the countries in asia and all around the world. This is a revolutionary innovation that will write an history itself in the near future.

The South Korean government has opened the doors for cryptocurrency in their country. They have reduced the taxes for crypto to a very minimum level and also considered that about 1-2 years will be its stay period. So many South Korean investors will get back in action.

This is a great news as there is large amount of investisors in south Korean and previous warnings around governments decisions gave bad signals and dump of the markets.

This is a good development. I have argued it time and again that majority of the countries refusing bitcoin for one reason or another presently will soon see the need to accept it. Better days ahead for bitcoin and cryptocurrencies generally.

Good news for bitcoin. But I think this does not change much of the current bitcoin value. The bitcoin value is getting worse. That is a very strong discount. We have seen many good news come to it. But it does not affect the value. Many investors are still selling their bitcoins.

Great news, this could be a good reason for a price increase on the right coins again :)

I also hope this comes true. By recently Korea was one of the countries accepting Bitcoin and they are looking to build a lot of coins from their country. ATFS is a coin made by Korea

If this is indeed then market for bitcoin will abviously grow up and will result to attract more investors and that will be actually the rise of bitcoin.

its a great news for us we can see that the bticoin will accpeted in all big country in the world and we hope that other country will open their doros too for bitcoin, so bitcoin can be the international currency and we can use ibitcoin everywhere and anywhere

South Korea has always been the most rational side of the Asian continent. That's good to know, it's an important decision that will make South Korea a part of the crypto revolution

I am very glad to hear this news about south korea. But I believe all countries around the world open their doors for cryptocurrencies. This is the result of globalization..

It would be a nice idea if someday we will use bitcoin wherever we are on which can really help the bitcoin to increase its value and also the community that supports it will become stronger. The adoption of bitcoin in different countries will continue and the law will also make bitcoin applicable for the use of everyone on which the investors can be protected by the government.

Lovely to see korea get its head on straight. too bad us here in the states won't see the same because the dollar is too much a useful tool to it.

There is a recent news that from exchanges and exchangers they kidnapped around 50 and $ 35 million in crypto currency is very bad. The introduction of a 20% profit tax on the cryptocurrency as one of the lowest in the world. The current state government is betting on bulk characters and this is very true. High taxes pushed cryptocurrency into the shadow because it was tracked very badly. 8)

This is a very cheering news coming from S. Korea to the bitcoin family. The government is forthright and ready to accept cryptocurrency with a human face tax on profit of Korean. This will soon motivate other Asian countries to do same.

This is a very bold step by South Korea and i think is a nice move as it would help in the initiating of bitcoin to be accepted by other countries and  i guess one day bitcoin will be accepted globally as a legal currency.

I will pray that this news will help revive the market) :)

Its definitely a good step from South Korea that bitcoin is legal there and they can regulate it without the fear of being caught by some official this can also increase the awareness of bitcoin and easy for people for buying and selling things through bitcoin

This a a goodnews that we need to ensure it become viral, for more people to be encourage, Cryptocurrency market is sure to be accepted globally overtime, No need to panic, sure this will encourage more investor and other countries to get involve and in few years to come, you will be an alien if your country do not accept cryptocurrency market. The revolution is here and cryptocurrency is here to stay .

I indeed think that this is good news for crypto world and it will make a step forward to a cashless crypto payment environment. I think the more people adapt bitcoin the more we will profit all from it so south korea making bitcoins legal is a step to the right direction and makes me hope for other countires to take action aswell and open borders for crypto especially china and usa...

Yes, it is a good news on behalf of the korean countries , they will legalize crypto currency, also crypto currency can be a source of living in the society of the country who is doing it, It can improve all economic and technological system also the agriculture itself, I think my country should do it too, To ease poverty and have a brighter future.

   This is a great news for all korean investors and it can help to pump cryptocurrency market. Hope that other countries also accept cryptocurrency for wider spreading about cryptocurrency so that other people also know about it and be the one among us that invest and use cryptocurrency towards a better life.

this is good news for the community. i hope in the near future other countries also sees the advantages of cryptocurrency and starts to consider integrating cryptos in their financial system

So bitcoin now is legal in South Korea? Then lets cheers to that mate! As I know there are a lot of crypto exchanges who are based in South Korea not to mention the ICO's and tokens, crypto coins So those individuals will party soon!

This will have an impact on the demand of Crypto Currency especially on Bitcoins. I'm sure that the Bitcoin market cap will rise again and it will rise again from the downfall. So buy lots of bitcoins because of the fact that in the coming months the price of bitcoin will increase.

This is great news to but i wish all other counties could do same and legalize the use of cryptocurrencies within their system.

Its such a great news for crypto market, im so happy that south korea already accepted the market for cryptocurrency. After this, we can hope that will be more country that will accepting crypto as a legal property.

I heared news that some country are banning bitcoin, but now it's good to hear that there are country support the using of bitcoin. I guess there will be more countries will accept the uses of bitcoin.

We can just imagine that but not necessary that will happen surely. In India the current situation is far stressed out where July 1st and 5th are the final days of the Indian crypto adventure. The RBI (Reserve Bank of India) has declared war against the crypto currency and have stated that they wont be accepting any crypto-rupees (INR) conversion and thus left Indians in the sinking ship.

But, previously Government did stated they will be applying 28% Taxes on the crypto earnings. However, that went into the thin air and instead of that country came with ban against it!




I hope Korean's will enjoy their days of legality status of the crypt currency. Unlike India where their own government put the public interest into the trouble. Its more than good news for this country because at least their government has taken care of their public interest.

Happy to hear that. Regulators in South Korea and also in some other countries like Argentina, Chine, French, German and England support Crypto development.

Km glad to hear that more and more countries are now willing to embrace the benefits that cryptocurrency has offer on each and every nation. This is angood move from the South Korran governement. I hope Philippines will be soon open to this kind of change.

The country of Korea has always supported the crypto. Here btc prices are higher than the global market. The difference is from a few hundred dollars to several thousand dollars

I hope this is good news for bitcoin prices to go up again, and I also hope other countries also legalize bitcoin to make it easier for investors and for a good future for cryptocurrency.

We need more of this great news about blockchain and worldwide acceptance, then it would attract new investors to came to the game. And the price would recover

Nonetheless there will be rules, as long as the investor is free to buy and sell crypto, that's almost true actually. It's just good news. More and more countries against bitcoin or cryptocurrency will soon emerge with South Korea and receive it

Wow, this is a good news for all of us. There will be more people trusting crypto currency. Thus, there is a big possibility of higher price for crypto currency. I know some Asian countries will soon legalize crypto currency too.

Apart from this, they will also make their very own centralized cryptocurrency. That will be regulated by their country's economic sector. Rumors say that the coin will be called "S coin" and they plan to develop it to the point that it can be used for micro-transactions, much like what bitcoin is originally intended to be, except it is primarily enclosed in their country.

South Korea has long supported the development of the BTC, with several state-backed crypto-trading exchanges that trade much more in South Korea than in the stock market.

Possibly, at present, national policies for Bitcoin and altcoin are very different, requiring more time for all to see bitcoin positively!
I hope this will happen soon!

this is good news, and hopefully this will bring a positive impact on the development of Bitcoin prices. and of course this will also greatly affect the crypto players in korea, hopefully more and more people will be interested in cryptocurrency, and finally the demand for Cryptocurrency coins will increase and of course this will affect the price of coins.

Recently, representatives of the Green House - the official presidential office of the president of South Korea has just announced that there will be no more bans in the country for Bitcoin or codec transactions. So, the law of the former Justice Minister on the ban on Bitcoin transactions was rejected.

Korea made a good choice for adopting bitcoin as a cryptocurrency. Though added taxes will be a slight complications for crypto investors, government of  South Korea did a good job for accepting it in their country.

I am so happy about that. That is a good sign for the crypto market

I hope other countries also follow this policy, so it does not prevent us as bitcoin hunters to get bitcoin .. !!

We dont limit about whos to enter the Cryptocurrency,as long as this country will not use this community for their illegal activities because we have taken this for good in such a long

South korea being known as communist and self supporting country would be a good part of this world but lets wish they will use this to prosper their country and not for anything else

This is a very good news for cryptocurrency and i want to thanks  Korean government for accept bitcoin as ligeal. Korea has big economic field and so many investor come this sector for this great news. I think every other country should follow in Korea and take advantage of  cryptocurrency.

So finally the issues of Bitcoin status in South Korea has been concluded to be acceptable by the government as it was become controversy before due to the government wants to abolish its existence in the country thru banning it but now its already been cleared that Bitcoin and other crypto currencies can now be freely to be use as investment in this country. It will be a huge success for Bitcoin then.

It's a good news for all the users of Bitcoin and in all investors.I hope not only South Korea open the door for accepting Bitcoin but also all countries. The more country involved in Bitcoin the more increase the price of Bitcoin.

Oh, well its good to hear that. It's a good news for all of us, even though it has a tax but it's okay still the fact that the government accept bitcoin and legalize it that is important. I hope bot only south korea open the door to bitcoin, for sure they did not do it if they know that bitcoin will only an epic currency. Thank you for those people who are work to the success of bitcoin in south korea. I hope my country will also do it.

It's only a matter of time before other countries follow suit. We've seen many conflicts against cryptos, like Facebook banning them, heavy government taxes and the like. It seems they're beginning to realize that it's an inevitable part of their development if they still want tp be relevant in the fast-paced world.

So another country welcomes cryptocurrency. I do hope more and more country starts to welcome cryptocurrency and realize how great and awesome cryptocurrency is. Soon we will see many countries accepting cryptocurrency and people will embrace it.

This is the beginning of great news in the CRYPTO world because many investors are coming in and it shows different Government from different continent will adopt Bitcoin and this will increase it value. My opinion

South Korea open doors for cryptocurrency, this is another leap of cryptos in the asian countries, and openning doors to people of south korea within in their country that may have the crypto holders to use this cryptos in the different establishment in their own country, that is a great news for crypto holders.

If this happens then this is a good information. The market can recover quickly if Korea does that

Yes, cryptocurrency is quite big in South Korea. Data shows that 3 in 10 salaried workers in South Korea had invested in cryptocurrencies.

Yeah, I read that too. The new policies along with the request from the government to improve the AML and KYC systems of local cryptocurrency exchanges have demonstrated the willingness of the government of South Korea for cryptocurrency regulation, even at the risk of the public acknowledging the decision as an intent of legitimizing the local cryptocurrency sector.

I hope not only south korea open their doors for cryptocurrency but also the other country.The more country accept bitcoin the more chance to increase the price of bitcoin.I think it is a good news for everyone and the people in south korea will also invest in crypto currency.

Is this the official information or just a guess? I quite doubt about this information. If it was true that Bitcoin would have been worth the price increase

If this news is true, then it'll do a big impact on the market. A good decision from South Korea and hope other countries will try to follow this.

This is a great information for the cryptocurrency because every other country has embracing cryptocurrency and is capable of appreciate how cryptocurrency works. As all of us realize that this type of funding is unique and certainly one of a type funding being by means of among the countries in asia and everywhere in the world. that is a modern innovation in an effort to write an history itself inside the close to destiny.

Great news. South Korea demonstrated to the whole world its tolerant attitude to the crypto currency. If this positively affects the economy of the country, then other states will support digital money.

My thoughts exactly. Countries like South Korea and Japan have always embraced advanced technologies, and look how they are now --they're the epitome of modern, streamlined and efficient urban cities. They're intelligent enough to know what bitcoin and blockchain have to offer and so they're welcoming it with open arms. This is huge for bitcoin. I think we are steps closer to finally achieving one strong virtual currency that will not only make transactions seamless, but will transform our socio-economic framework for the better.

It now getting interesting that in the nearest future cryptocurrencies will be a full legalized currencies by meaning countries, I think the governments are beginning to see the important of cryptography and a big country line South Korea to accept crypto fully is a great news. I guess all South Korea investor have time to smile again I say congratulations to you all.

very touched This is the best news for Korean state cryptocurrency investors, but their exchange is hacked to make this industry a downturn; they really need to hire someone who is expert for code-makers and first-class security, to secure the exchange of currency.

That's a great news for cryptocurrency world and the community because as you know that South Korea banned cryptocurrency. If now the open the doors for cryptocurrency it will make a great effect in the crypto world. We hope it will make the crypto market better.

More and more countries are now opening their doors for cryptocurrency and i hope the major countries not only in Asia but also to other continents will open their door for cryptocurrency because it will cause for an awareness for different people and other countries too that cryptocurrency is not a bad thing and they should not avoid it.

Its a great news. Its really good news to all of bitcoin users who are disappointed of some bad news of banning bitcoin in some countries. I hope many country will also do it. Now that South Korea is opening their door to bitcoin there are many opportunities in that country that will rise the usage of bitcon.

after series of bans and crypto.  Eventually the Korean government also accepted the cryptocurrency market.  I would like to congratulate the investors from Korea.  And this is probably very good news for the crypto community around the world.  Hope other countries will also take Korea Japan as a mirror.  widely accepted the development of crypto

This is one very good news. More and more countries that do not like bitcoin or cryptocurrency in the near future will emerge with South Korea and they accept it. Nevertheless will apply the rules, as long as the investor is free to buy and sell the crypto currency, it is almost right.

Well this is another cause for a celebration,knowing that south korea is one of the biggest country in the world now,and if they will allow cryptocurrency in this country and support every people to use and adapt this i believe we will go to moon in just a months i am wondering how many investors will come and how much will they bet

More probably investors worry about the possible income they might have that is why they are doubting to invest before because of the tax. But as of the changes that happened in the tax policy by Korean government it will attracts new investors of crypto world. Therefore the currency will rise again and it will be a stepping stone for bitcoin to gain more and more investors.

a very good step that is done by south korea hope more and more other countries in asia that opened the door for cryptocurrency for market back up :-*

Actually, there is a big possibility that bitcoin will be accepted in all countries. I think open doors for cryptocurrnecy will help the country of South Korea to grown their economy and I think it has a positive effect in their industry because they will adopt it. I also believe that bitcoin and all countries will open their doors for cryptocurrency.

This is great to news to the crypto community and i am so happy that this has served to motivate more other countries like Zimbabwe and Kenya to also install bitcoin ATM machines in their country.

This is a good step. Although Korea is still worried about Bitcoin, they have also started accepting virtual money. As for Korean investors, they will happily accept the other tax only than investing in Bitcoin as illegal as it did in the past

Applying tax 40% of incomes was a very bad decision, but if it will be 10-15%, then it still be acceptable although it is quite high.
There are many crypto investors in Korea, they have top exchange in the market. If their government support it, South Korea can become whale crypto investors.

Notwithstanding the imposition or even the rising tax that is implemented in the cryptocurrency industry, this news will still be good to a lot of Koreans because this will mean that they could now comfortably buy and sell as well as use Bitcoin. To those who have already sold their Bitcoins out of fear and doubts will now definitely invest once again. This is some kind of an assurance that what they are involved in is certainly legal.

The benefits of Bitcoin are increasing. Although Korea is still worried about Bitcoin, they have also started accepting it. I believe there will be more countries adopting Bitcoin and legally binding Bitcoin in the future

it is good news, hopefully other countries will follow the policy as happened in south korea, if bitcoin is legalized it will affect the growth of bitcoin itself. will have many positive impacts that will happen.

Great news for South Korean investors and for the  entire crypto currency industry. This shows that we are still seeing hope that one way or another, governments are starting to see the good things Bitcoin can bring to our lives and economy that they are willing to set some regulations and compromise to be able to make it work. It is for the good of everyone, it will benefit everyone in the long run. Hopefully we  can see more governments from different nations will now see it clearer and take the path of South Korea, I want's wait for the moment the global acceptance is on our feet, I know it is possible, not easy, it will take some time and so much effort but it will all be worth it.

Bitcoin become more popular all over the world, now South Korea accepted bitcoin in there country it is great news for us, even know the value of bitcoin still going down. I hope in this happen bitcoin will recover in it will increase soon.

In my research lots of people doubt that crypto will come and conquer the other different countries, but now uts happening. In article 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.

Good new for cryptocurrency. Not allowing to trade is kinda unfair to people and government should listen to people, not deciding for themselves. Looks like Crypto will get back on it's feet.

I think this is a more useful solition than prohbition. Whit reasonable taxation investors and the government can together and be satisfied on both sides.

Good news began to appear more and more, but there is still no growth in prices and strong demand, there may be a gradual increase in prices without sharp leaps. Technically advanced South Korea having one of the most developed economies in the world shows a good example to other countries with similar steps for recognizing and accepting cryptocurrencies.

After all, government will still listen to its investors given that they will pay a decent amount of tax. I believe that in the next week will be a good time to buy and sell cryptocurrencies.

In time countries will start to see the benefits of crypto currency in terms of economical growth that can be good for their fiat and other resources. They just need to put some regulations and business that allows crypto users to convert their money to fiat or businesses that accepts crypto as payment, so they can tax it as well.

Recently, representatives of the Green House - the official presidential office of the president of South Korea has just announced that there will be no more bans in the country for Bitcoin or codec transactions. So, the law of the former Justice Minister on the ban on Bitcoin transactions was rejected

You have to say they had to open doors.. Because time has come and the paper money will fade soon. Not just South Korea, the biggest countries China and United States should accept the cryptocurrency rule. When they accept the market go higher and got strong. I think in near future crpto will be the king of the world.

It is good that this problem has been solved in the South Korea, it is good that the copper is but not exaggerated and let the truth work that it will do for the world market and that Korea has a great weight in bitcoin and always affects the other market every time they closed cryptocurrency exchange houses and intervened and persecured those who had crypts that good the solution of that government

This will bring good news to the market, knowing that tax gets low again for south koreans whales their might be active again in investing to crypto market which is a good thing because it will bring so much money to crypto and will probably leads to recovery of the market in the current situation.

Issues related to cryptocurrency when it comes to South Korea has a big impact in the price of bitcoin. When they ban ICOs, price of bitcoin went down and now there is positive news about taxes that would encourage more people to invest on it. Hoping that other countries would follow suit too in welcoming cryptocurrencies. Instead of banning it, they should just tax the people earning from it and they can also benefit too because their funds would increase. They just have to make applicable regulations to prevent the things they are afraid of from happening.

I think the government ban would not have much impact on the Crypto market. In my country, the government has banned Bitcoin but we are still working very well. We did not encounter any obstacles and could transfer altcoin to our normal currency. So many Korean investors are still active if their country bans. ;D

Paying taxes is acceptable. If the korea paying taxes investing in cryptocurrency it is good because the government want to legluze crypto to their country and no problems will happen between the government and the investor. It is good because the korea will invest more of their money to cryptocurrency.

This is great news because the 3%- 40% is really a big number specially if they decided to tax it in around the high 30%. With the 10%-15% it is attractive because it is a more specific number, which is actually an acceptable number if you are going to pay tax. This will make Koreans interested again in to the crypto currency market which will surely affect it positively.

It's always great to know that some of the advanced countries such as Japan and South Korea are welcoming bitcoin and cryptocurrencies in general and so we should take advantage of such news to increase and grow our investment so that at the appropriate times we might be able to reap from our contributions.

its about time. it will have an impact to the crypto world.,

hearsay again. whether to be able to make the state of cryiptocurrency in the market better than now.

Yes, Korea is open to Cryptocurrency. In addition, in order for the market to become more stable and manageable in the future, Korea has decided to set up a special team to research and develop policies for the management of the electronic money market.

Approximately eight months after the first ICO ban, the Korean National Assembly issued a formal proposal allowing ICO in the country.

I agree with you that, in the next many years all countries in the whole world will open the door for cryptocurrency especially bitcoin and etheruem because this two are the solid coins. Actually, South Korea people already adopt the using of cryptocurrency and I hope their government will not against it so that they could use cryptocurrency freely.

If you are right then it indicates that South Korean government has realized that they cannot stop people from using crypto currency and people will always find a way of using crypto currency. I don't have any issue for the laws that are placed by the government as it will allow its citizens to freely hold and use crypto currency. Introduction of regulations is best solution for everyone then imposing a ban on that service.   

South Korea is one of the largest countries in the capitalization of crypto-currencies. I'm glad that they made a decision that will suit everyone!

It is because cryptocurrencies are now unstoppable and one of the reason why other Asian countries are doing the same. If they will not open their doors for cryptocurrency or if they will not adopt it as soon as possible then they will get left behind of this growing industry of cryptocurrency and that is the reason of south korea for adopting it.

good news for world market considering south korea one of the biggest country best crypto money. This will probably be a recovery in the market today. Hopefully the future of the crypto world will be even better.

This is great news to but i wish all other counties could do same and legalize the use of cryptocurrencies within their system.

korea has started can legalize crypto and i found that thailand also have started to legalize crypto, Asian countries have started to move forward degan try new thing in this crypto technology. in my opinion in the near future countries in other Asia will also follow in the footsteps of korea and thailand, also singapore.

This is another good news about crypto currencies as well as investors particularly in South Korea. I hope that Crypto will be legal in that country which is one of the aspect to easily persuade and believed in crypto. Aside from that, there will be more investors who wants to invest in crypto. I know that, time will come they will be more knowledgeable and interested with crypto currencies when they totally understand the advantages that crypto currencies may brings for their lives.            

actually good news very much, and should be BTC price is above 10k USD
but the whales put up a very large wall at the price of 6k to 7k, which causes BTC prices can not rise
stay patient and wait for the right moment,
thanks korea

If they started getting tax from it I think it is already legal. If most of asian country would legalize crypto I think bitcoin price would got alot value than today. As I see in my country it not that illegal but our government our watching for it because there are alot of investors who complain to be scammed by someone.

I think its a good decision by the goverments of South Korea and also can be a great news for us. The number of country that legalize and accept crypto is increasing slowly and im so happy to hear that, after this we can hope that it will keep increasing day by day.

This is good news at the side of south Korea and I think if every other country can also do this this will really help the rising in price of the bitcoin

South Korea and North korea have not good relations every time. So incase of war you have your wealth in cryptocuurrency that will not be affected. Cryptocurrency is free of any link with stability of any country. So, country like this situation must take advantage from this currency.

Now many countries will take bitcoins and this is a natural fact.  In a couple of years we will be able to use bitcoin in everyday expenses.

Now every country should understand the seriousness of the development of the crypto market and the entire industry! Now a lot of countries have realized that this is the future of information technology! crypto system gave a new rhythm to the global economy! now all major companies and corporations have focused their eyes on development in this area. they understand that if now they do not take steps in development, then they will have to catch up with the whole world and other companies for a very long time!

Since the legalization went through last Spring, Japan has enjoyed a cryptocurrency boom, with huge growth in retail investor interest and over-the-counter (OTC) services.

The reason could be that they have started to see what cryptocurrency can do and how can this revolutionary technology affect the world as it is now. The use of crypto had helped us conveniently by sending money anywhere and anytime in the world. Other Country has also started accepting crypto especially in the part of asia, Korea might be just going with the flow by opening its doors for crypto.

A good decision of Korea. Korea has always been in the forefront of economic and technological development in Asia and is now Crypto. A good way for the future ...

This is a great news for the cryto industry in totality as several investors from South Korea will now invest in cryptocurrency without having to live with any FUD. Other Asian countries are likely to follow the same trend after witnessing the success stories of South Korea about cryptocurrency.

Actually more and more nations are staring to recognize cryptocurrencies, even the European Union is probably going to do the same.

That's for sure because South Korea trades big Exchange like Bithumb and Upbit.
Inevitably South Korea must also recognize there will be Bitcoin on the Exchange.

With there news like this hopefully can make Bitcoin prices rise again and the market turns Green.

The South Korean government's policy on crypto-currencies change every two hours. First they were quite supportive of the cryptos. Then they reversed their policy and raided the exchanges and started harassing the users. And now once again they are saying that they will support the users.

Thats the reason why the market is currently moving - The bitcoin market had its highest trading volume of the past 3 months and Im thinking that this will continue to grow when September ends

That's a great news for Korean investors and global invetors too. Korean Government has wise vision and open a door of infinitive world of future

South Korea is indeed a home of cryptocurrencies because it was not long ago that the Amble Blockchain meet up was organized in Seoul and with so many projects are springing form the Eastern side such as CryptoSouk and Cryptassist.

I also believe that cryptocurrency in general will have a valuable impact in the economy in many years to come. Bitcoin especially will create a big change to our current financial system. With South Korea paving the way for legalization and I think there are some few other country's who did the same, then later on it will be accepted by the majority of nations. Good luck bitcoin. :)

South Korea intercepted the leadership of China on the introduction of crypto currency, after the Chinese authorities imposed fencing.

As good citizens it is obligatory for us to pay income taxes to assist the government in terms of infrastructure development, applying 10 ~ 15% taxes for crypts such as interest income taxes, making investors calm in running the crypto business in the country. I think this is a positive thing for cryptocurancy in building a business network, so that many Korean investors will enliven the cryptocurancy market again.
Hopefully other countries soon follow South Korea step!

South Korea has taken a lot of restrictions with respect to the crypto market! now very strongly forced on Korea, so that she loosened their prohibitions! I think that Korea will show everyone an example of how to develop in the crypt world and open the doors to a new digital economy!

This news sounds good. looks like everything getting better and Crypto market is about to wake up again. Now all need is institutional investors to come in. They are knocking on the door. Crypto is unstoppable.

This is an another good news to read here in the forum. Well, I was hoping that more countries will open there eyes to see that good in the crypto currencies and give it a chance to enter their country. I know for sure that the crypto world will grow even more.

This is good news. I think South Korea's tax policy for electronic money can bring difficulties to investors, but it is necessary to protect their economic interests. If it grows stronger from Korean investors, I hope to see a reduction in taxes

great news, not in just South Korea , so many countries now are open doors for cryptocurrency. ;D

This is very good news! South Korea I really like, it is not going to lose its position in the development of the entire crypto industry! Segodians there are a lot of projects and programmers from Korea, which bring a huge global economic development! South Korea is on the right track, many will follow suit!

it will be a great news because one of the countries in the world are accepting the bitcoin now. so, many people and user will be enter in this industry.but I am sire that there are some rules and regulations about the bitcoin created by the government in their country. maybe they put tax in the bitcoin. I hope mpre countries accept it

i was heard that a Professor of Finance at the University of California Los Angeles (UCLA) has nominated Satoshi Nakamoto for the 2016 Nobel Prize in Economics.

soon there will be no countries where they will not recognize crypto, more and more countries are accepting and starting to help the development of crypto currency!

we can see that South Korea is leading the technology industry, maybe South Korea has a bitcoin project in their country maybe that is the reason why they want to accept bitcoin not against it and South Korea is one of many big countries who want to receive bitcoin

Bitcoin is gradually getting there. With time, it will have a world wide acceptance. I'm sure there will be a general equity conformation to the cryptocurrency but it's still on the right path

Yes! now there are so many opportunities and Asia, as in cryptocurrencies is blooming! this will let the market grow and improve and set an example to others

Next will be China! ;D Just wait for it....

Good news for cryptocurrencies. Everyone remembers how Korea banned the cryptocurrencies at the beginning of the year and what it led to. I hope this does not happen again and China will also open its doors.

I think this news is very good news
Because it removed the uncertainty
Because government decisions on the governance
 of cryptocurrency activity are sensitive decisions by nature
I see it as a step on the way of rationing cryptocurrency  in South Korea
Other countries will move in the same direction soon

If that would be true I think it is a good sign for us, because before that I was hearing about Thailand and Philippines those are the minor countries, what South Korea is a major one to accept it.

Every time a country opens opportunity for bitcoin is really is a good news for us, much more to our very own co-bitcoin users in a given country. And here goes South Korea. I believe that South Korea is a very influential country that it turns out to be a great thing when it comes to interconnecting and bannering bitcoin goodies.

Probably within the next 5 year we will see more and more countries going the same way as south korea. Worldwide adoption for bitcoin is now fast approaching.

If you are right then it indicates that South Korean government has realized that they cannot stop people from using crypto currency and people will always find a way of using crypto. I don't have any issue for the laws that are placed by the government as it will allow its citizens to freely hold and use crypto currency.That is a good and useful news currency

It was very meaningless for the far east countries to stay away from this market. South Korea has opened its doors through tax. This is very pleasing news. I think investors in that country will accept the tax rate. As a result, it became legal. In a way, the far east will revive the market. Perhaps China will accept this situation in the future.

Well This is very good news! For crypto currency and for everyone because many people and user will be enter in this industry.and I hope soon there's a lot of country again willing to open for bitcoin.

Good to hear that South Korea opens door for cryptocurrency. Many investors in South Korea will now invest in bitcoin and many people in South Korea will earn bitcoin. I hope all country will open door for cryptocurrency because it makes their economy better.

On the off chance that you are correct then it shows that South Korean government has understood that they can't prevent individuals from utilizing digital currency and individuals will dependably discover a method for utilizing crypto. I don't have any issue for the laws that are put by the legislature as it will enable its subjects to uninhibitedly hold and utilize crypto currency.That is a decent and helpful news money

Some countries in Asia are very open Bitcoin and there are some countries that do not and very hate Bitcoin.

With more countries embracing Bitcoin and the blockchain technology to be used freely, the more stability we will.experience in the Cryproworld and effective use of various installed ATMs in countries to carryout buy and sell with ease. The world seriously need to embrace Decentralization in order to enjoy financial libration.

It's a good news. I think that this will give a good impetus to the development of the Crypto-currency.

Obviously the South Korean meant business and they are very keen in achieving the dream of a crypto friendly econony by 2019. Huge sum of money in trillions behdgeted for blockchain technology. This is huge and I must salute the doggedness of the government.
https://www.ccn.com/south-korea-budgets-a-trillion-won-for-blockchain-tech-in-2019/

This is good news and I hope that the crypto market will recover and there will be an increase in the near future. I hope that happens because I have waited long enough to increase. surely Korean investors will try to invest again in Crypto. This will be good.

Earlier, the bill banned the Bitcoin deal by the Ministry of Justice, which had mixed results, causing the cryptocurrency market to falter because South Korea was one of the "big guys" in investing in electronic money. Recently, representatives of the Green House - the official presidential office of the president of South Korea has just announced that there will be no more bans in the country for Bitcoin or codec transactions. Thus, the law of the former Justice Minister on the ban on Bitcoin transactions was rejected

Good news for crypto world.Now more country will do the same.

the South Korean government shows a positive attitude towards crypto. even the government of soul will plan to make their own coins.

This is one of the good news in the cryptocurrency space. South Korea considering their citizens by tax reduction for their crypto trades is really a good step in the right direction. This means that, as time goes on, a lot of countries would adopt bitcoin and cryptocurrency at large

The largest financial institution in South Korea has decided not to support the digital exchange and provide virtual bank accounts to investors. That shows us that Korea has opened the door for cryptocurrency

A good sign for the new start of the BTC. Will there be more countries around the world doing the same thing as Korea? That will be the choice of the future, according to current trends in countries around the world are applying technology 4.0. With such modern technology there is no reason why we do not trust the development of electronic money applications in our lives.

If Korea opens the door to a technology trade, do you think it is a compelling market for cryptocurrency development and it has opened up the wings for digital currency development?

Wow, this sounds gread. This is a good news for the bitcoin future. When the government already accepted the bitcoin, then there is no fear from the investor to buy bitcoin. Also, the prices will go up again.

If the news is really going to happen, it will make new developments that will make Bitcoin more familiar to everyone in the world.

This is another achievement for the bitcoin. In which another country accepted it legally. Bitcoin really is moving forward. With this as bitcoin continusly made a name in the market, it will have a positive effect on the investors. All we can donis to wait. Because bitcoin's population is growing. That is why we can not fesl the effect of the market's turning green. Patience is really a virtue.

Some people reads history, some people makes history. Common trait of nations who makes history, they can see beyond their ages, and they are taking risks which no one has courage to. Natural selection won't forgive governments who cannot adopt to new era of economy. South Korea decide make  history clearly.

The news is fantastic and I'd really love to hear more like that.
Hopefully, this will make BTC more trustworthy, which, in turn, will most definitely increase its price, so I'm buying some more before the price skyrockets.

I think this is good news and it will promote the popularization of crypto currency. In all the world. The more countries legalize crypto currencies the better.

Hopefully! china has a great market place!!

This is another opporunity to create more diversity on cryptocurrency as different countries around the world opening up to a system like this. As we all know that Cryptocurrency might really do good like having a transparency in every transactions because of blockchain technology. This is how a government doing transactions and business with them there should be transparency.

South Korea being one of the biggest economics in the world will hopefuly make other countries follow this trend of cryptocurrencies adoption. Bitcoin should be legal and available for everyone.

Well it will depend on the countries how they will accept cryptocurrencies most specially bitcoin, for now, this is a good news that south korea open their doors for cryptocurrencies.

South Korea is one of the major industrialized  nation in the Asian sub continent Because of the development of the modern technology to the above country they are aware of the merits and DE-merits of bitcoin and finally the above government has agreed to open the door for the crypto currency to the country..There are lots of rich investors in Korea and they are re-energized to come to the bitcoin market for the reinvestment.It is indeed a good news for the crypto market world wide.

that is good news,Bitcoin become more popular all over the world, now South Korea accepted bitcoin in there country it is great news for us, even know the value of bitcoin still going down. I hope in this happen bitcoin will recover.

South Korea has become a big center for Bitcoin and the government will benefit through this "tax giving" this way will be a win win situation for both.
The government imposes a tax on cryptocurrency means that they will realize it will be like gold and other investment properties so this is a good thing and 10-15% is something that is acceptable because there are countries where the government thinks of applying even more taxes . Besides, it's better than forbidding them. Indirectly the government has provided legalization for cryptocurrency.

South korea would be a big contributor to the crypto world to be more establish and create stability as lit of koreans are getting interest to incest in crypto which they saw an opportunity to create quick profit.

Very positive news for investors. Which will fill the country's budget in several billion.

That is another good news to the bitcoin holders and cryptocurrency  because south korea will probably open its door to cryptocurrency, so if it really push through then that is wonderful and appreciable.

I appreciate that they are open about not banning cryptocurrency, the petition they get is the start of trust in increasing the volume of the largest exchange market in their country. Even what the previous Chinese government did with crypto exchange did not make them change their minds.

South Korea is the country that has long opened its doors to the crypto market! I think that South Korea is the very first country to control and regulate the crypto world! a lot of countries look at it and also make decisions after it!

I will agree. It's not clear how conversations about the entry of crypto-currency into real life went to business daily. Tomorrow it will be light.

The obvious fact that is revealed by such news is that world is coming around to accept a virtual digital currency globally.i.e.The fiat currency will evolve into digital soon. I have no opinion about  imposing of taxes however crypto currencies being legal officially in a well known country have definitely increased the awareness of crypto currencies around the globe.
 

Very much acceptable indeed, 10-15% is an OK for me, I'd take that as a fair play for the government and to the investors who will partake and negotiate, I can see that South Korea's government have recognized that they can actually benefit within cryptocurrency, and thus opening the door for cryptos.

south Korea is very bullish on cryptocurrency and most of the blockchain projects are coming from south Korea and govt is supporting bitcoin mass adoption

This is great. In the past, I heard from Samsung in Korea accept Bitcoin as a trading method. And today, that is the Korean government. This is great. Korea is a modern country, its acceptance of Bitcoin will have a positive impact on other countries.

That is very good news for the future of Crypto, because if South Korea opens the door to accept Crypto, then I'm sure crypto prices will increase and market volume will also increase.

South Korea is now looking for opportunities to lead the fourth industrial revolution. The South Korean government seems to be aware of the huge potential of blockchain and cryptocurrency – especially Korean citizens, who contribute a large portion of the global cryptocurrency market; According to reports, South Korea handled more than 14% of global bitcoin transactions in July last year.

That's good news then! I can see cryptocurrency industry will flourish in no time. I'd say between 3 to 5 years. Once all other countries accept cryptos, then it will be a blast. I think they are now slowly seeing the benefits of it over cash. Let's keep our eyes and ears open.

Right, but what you expect it seems doesn't give a significant impact. Because the policy released by the South Korean government has made most investors prefer to invest in other commodities such as stocks etc. Perhaps, the tax imposed's still considered too high.

I like to hear news like this and Korean investors have also started investing in bitcoin. This will affect the price level of the bitcoin that will be increased. I want this to continue.

If they play in the rules i believe it would be very good for all cryptocurrency markets. There are lots of funds in South Korea market and they want to use it. If the goverment(!) act normal it would be very good for all of us. When the South Korean people invest in crypto the market will go high and all of us will winn..

I am very happy with this news. This is good news for us as bitcoin users. I think this news will help bitcoin develop and the price of bitcoin will rise in some time.

The country has been crypto friendly and this piece of news will go a long way to help boost the image of the crypto and drive the price higher. The problem with bitcoin since the beginning of the year 2018 has been the attack from countries like China , USA, India  and some agencies like the G20. Their pronouncement and actions has been so tough on the cryptocurrency which has been also affecting the market value.

They are actually very loyal. 10-15% is not a big percentage, I do not think that someone will start to resent this

Such news is pleasant and joyful to comment. For more such decisions from other states, a new century will come. The century of technology and progress.

I want to believe that other countries will follow the same example and much will change for the better in the world of the economy I dream of a world without borders

South Korea is a developed country. One characteristic of developed countries is the application of future technologies that can change the world in a better direction. Cryptocurrency is an internet-based digital currency system. Without that, it won't work. Therefore digital telecommunications is advancing very rapidly. The South Korean government sees from the positive side of cryptocurrency, because technology cannot be avoided.

This is really a good news to hear. We know in this world, Asian countries mostly have highest population and legalizing crypto in these countries will have a significant impact on the crypto market. This is so because, we are going to have a lot of people investing in crypto which will go a long way to raise the value of bitcoin and other altcoins. In fact, this will revive the crypto market at the long run.

I hope more asian countries will open doors for bitcoin.

I dont think that majority of the countries will ban bitcoin, there were only few countries who have done this. Government are now starting to recognized the use of bitcoin as a form of payment and asset. Bitcoin will only be ban once it become a threat to government, this would become threat once people use it on illegal activities.

The only risk with your wealth is once people stop from using bitcoin. But that would be impossible, instead the opposite happens. The continuously rising and demand increase while supply in limited. I assume that you have big amount of bitcoin for now since you have been saving since 2013. Just avoid lossing your password and suddenly got hacked. That would be the worst thing to happen.

south korea, japan and many country that work with the future technology is always accept new technology like bitcoin and other tech, why? because they want to develop the potential of bitcoin, so they accept bitcoin and want to make all people in their country is use that

The idea of embracing new technology with proper knowledge can make things much easier for those countries, giving their people an options while exploring the benefits of a new system, S.Korea see opportunities and a lift from this new alternative currency that's why they wanted to maximize
every aspect that they use it to help their country.

this is good news, at least there are more countries that receive BTC although with tax as a condition, hopefully in the future many new investors will go back to BTC and strengthen the value so that prices will improve again, and hopefully in the future many other countries in the world are open to receiving BTC and facilitate it, at least that will strengthen the existence of BTC in the future

That's great! South Korea is also one of the most developed countries all around the world, so this is a good occasion for cryptocurrency.Recently, I have heard the Samsung had accepted Bitcoin to buy Samsung's device. After that, I completely hope that the price of Bitcoin can move up soon.

Oh not bad! That's sound good! I agree with the taxes which South Korea's government apply. Furthermore, the development of Bitcoin is as well as the development of government. Then, the cryptocurrency can be improved fast. You know we all hope the the peak of Bitcoin will come back soon, even at the end of this year.

Well, this is quite expected, as the country is also not the latest which is on trend and does not lag behind, maybe soon many more countries will open the doors for this sphere.

Recently, representatives of the Green House - the official presidential office of the president of South Korea has just announced that there will be no more bans in the country for Bitcoin or codec transactions. Thus, the law of the former Justice Minister on the ban on Bitcoin transactions was rejected.
That's not long ago, the bill prohibiting the Bitcoin deal by the Ministry of Justice has faced a lot of conflicting opinions, causing the cryptocurrency market to falter because South Korea is one of the "big guys" in investing in electronic money.
According to information from the government, the Ministry of Justice unilaterally makes this plan without the relevant departments of the government. The Finance Ministry immediately declared not to support the bill.
The government has asked the Ministry of Justice to publicly apologize to the people, and no disciplinary action or reprimand will ever apply.
Investors are now able to breathe a sigh of relief and continue to invest in this potential market, but from the moves of the Korean government, it is hard to get a long-term ban.

That's is great! if South Korea has now accepted cryptocurrency trades legally then i guess it would help boost the market trend and also serve as an example to other countries who are still debating about the acceptance of cryptocurrencies.

very great news for the open south korea .
But just yesterday a saw a documentary about north korea.
Totally heavy whats happening there and a heavy contrast against south korea XD

indeed, if the cryptocurrency is received by the state, we must accept if the cryptocurrency is taxed. South Korea is a country that thinks ahead. I hope that with South Korea opening the door to cryptocurrencies, other countries start to follow in the footsteps of South Korea as well, including China, which some time ago rejected cryptocurrencies.

I strongly believe with time, many Asian countries will definitely embrace the blockchain technology and would maximise it to it's full.

Bitcoin being the decentralised crypto currency in most parts of the world, still making millions of investors around the world and moreover there are even few countries who has legalised crypto currency in their nation as they have understood well the fate and potential of bitcoin and that is why they legalised it in their nation and now experiencing a boost in the development of their nation and moreover increase in GDP also and it is happy to say that South Korea is one of the bitcoin benefiary country.

This is great news . The Korean government has opened up new doors for electronic money investors. The tax cuts have helped investors continue to invest in electronic money. They have to pay a reasonable amount of tax and still make sure they are profitable. I think that is good news and a positive impact on the bitcoin price.

Increasing rate can make good money. The main thing is to act competently in the market, not to rush to get rid of coins, in the case of correction of the quotation, can very lead almost at any time.

South Korea is a big country so it will certainly be good if South Korea opens the door to cryptocurrency. Surely this will attract more investors and also fans of cryptocurrency. Hopefully other countries will follow in the footsteps of South Korea. And bitcoin is made a legal payment. I hope that happens in the future.

In this country there are a large number of investors. They have quite high salaries, which allows to invest)

that's good, because one by one the country opens the door to cryptocurrency and I'm sure someday all countries will begin to open their doors for cryptocurrency and cryptocurrency will be legalized as an investment asset, so I'm sure cryptocurrency prices will definitely increase very high if all countries start legalizing cryptocurrency.

It always feels great to see good news on bitcoin, citizens of  South Korea have always been popular in the cryptoworld. Blockchain technology is taking over the world. Innovating projects are emerging through experienced developers in blockchain technology. I believe other countries across the globe would follow the footsteps of South Korea.

South Koreans are known as innovators. So hopefully the reat of the world can follow their lead when it cimes to cryptocurrency policies. They even have a province that has its own crypto token.

The steps taken by South Korea and Germany in support of Bitcoin and cryptocurrency is a revolutionary one which will bring a major boost to the economy of these countries because crypto offers vast job opportunities for the people. This will also bring about an increase in the crypto market value as its demand increases.

This is good news, will be a good hope for Cryptocurrency not only South Korea, Germany has also allowed its citizens, the more countries that legalize there will be good hopes, I am sure that in the future more countries will endorse Cryptocurrency.

Another government recognizes Crypto is a very good news indeed.

While South Korea was so in it, I think the North wanted not to fall back. Therefore, it can be economically difficult for two neighboring countries to exhibit different attitudes.

I think, South Korea and North Korea disagree with one another, even though they are both Korean. especially now that the development of crypto is also declining. So the Korean country also needs to be aware of problems like this.

It's been a while and still there's no impact yet with the current market, though you are correct this country is already considered as a well developed country and if more countries will follow the step that they've take and fully adopt this system, it will bring a huge growth as more people will used this
chain and it will be more usable imagine just bringing your device with your safe wallet and transact anywhere in the world who cater crypto payments.

This is incredible, I am kinda late with the news but once I saw this and heard about it on the news I was excited, since in the next few years, we will be going to South Korea to visit our relatives there, and I am thrilled to hear that cryptocurrency would finally be legalized there! I can't wait to see what could be the exciting stuff out there! K-POP, Idols, the Food, and now CRYPTOCURRENCY in South Korea, I am excited and thrilled.

if Korea has begun to open the door to cryptocurrency usage and circulation in the country it will certainly provoke other countries to open and receive payments and cryptocurrency usage will become wider, I really hope that could happen and could trigger an increase in bitcoin prices.

Thanks for Your useful information. It is a good news for crypto space in next time. Just wait to see going up

good, now regulation for cryptocurrency users is starting to exist and that means the government is opening the door for the cryptocurrency community to develop blockchain technology so that it can be utilized publicly

The only way it can work is when you can convert to fiat.No point in declaring profits than a  month late you could be in a loss.

Well this is a great news as it will go a long way to bursts the courage of those who are waiting for government involvement in cryptocurrency before they can start using it and this will he'll increase the market demands for cryptocurrency. And again this will give room for regulations due to the taxation apply.

Happy to hear this glorious news finally the South Korean government have realized the importance of cryptocurrency. No more hesitation for the Korean investors to invest in this digital currency market except this many more new investors will be coming into this area after being legalized cryptocurrency in South Korea. Applying taxes 10-15% is not a big deal to the crypto dealers but the big deal is now it's legal to trade. So that day is not a long way to be legalized cryptocurrency all over the world and will be a free trade zone for all crypto investors.

I'n not surprised at all, South Korea has always been a very tech friendly country, of course they wouldn't miss the opportunity to be among the first countries in the world to actually use the cryptocurrencies, I really like their mentality!

I agree, the Chinese and Koreans in front of the rest. but unfortunately many countries, even if they see success in a certain area with another country, will not introduce the same conditions in themselves, but will do so that it would be beneficial for the government

It is high time, in this country there are a lot of crypto enthusiasts. I think that the community will feel the inflow and outflow of such a huge number of people.

Everytime a country open their doors for cryptocurrencies. It will have a big impact in the market. I hope this will help the market to recover again.

SK has always been pro-crypto. This article even describes them as “crypto-crazy.” Hahaha! But I think it’s great that they’re passionate about it.
“South Korea’s crypto craze is based on a foundation of ubiquitous technologies and a strong and wide early adopter base in this country of 50 million.”
https://venturebeat.com/2018/07/14/why-south-korea-is-crypto-crazy-and-what-that-means-for-the-rest-of-the-world/

It’s great that they know how to embrace innovation. The rest of the world should be just as open minded, in my opinion.

Exactly. Maybe this is what the world needs. Leaders who can show us how it can be done. Lead by example, so to speak. And hopefully, other countries will see and realize how important it is to embrace crypto technology.

Heh, they embrace innovation when they see how well it works or how well they can exploit it.

To be fair, it's great that cryptocurrency is being accepted here. There's a blockchain cafe in Gangnam. Ironically, they only accept fiat.

In order for the Cryptos market to become more stable and manageable in the future, South Korea has decided to set up a special team to research and develop policies for the management of the Cryptocurrency market. Representatives from the Blue House, the official presidential office of the president, have just announced that there will be no more bans in the country about Bitcoin or encrypted transactions.

This is a big move for the Korean government. Very smart way to give freedom of choice to their citizens and refill their budget with an extra income from taxes on cryptocurrency.

It is a prosper effect of bitcoin and other crypto if a country like South Korea have warm welcome and they allow bitcoin for transactions so the people of south Korea will trust more and if other countries like here in Asia if bitcoin get a legal status it will be a good impact of these country economies as well.

A good information to show that bitcoin is growing and gradually recognized by everyone. I think the future of bitcoin will be further developed and investing in it can be a right path.

If it happened in all countries in the world, it would be easy for Bitcoin to rise up and be used by many people for their daily needs. but that will happen in all countries because Bitcoin is difficult to stop.

A good example for governments around the world. A thinking guide always thinks about how to benefit, and does not prohibit everything new and incomprehensible. I am always surprised by countries trying to ban crypto, as if they are not aware of the potential size of income to the country's budget through crypto taxes.

many will be able to safely invest in cryptocurrency, knowing that the income from them was deserved

So far, the Ministry of Justice's bans on Bitcoin has caused the opposite opinion makes the market cryptocurrency wobble because Korea is one of the "big guys" in e-money investing. Korea has decided to set up a special team dedicated to researching and developing policies for the management of the electronic money market. Investors can breathe a sigh of relief and continue to invest in this potential market, but from the actions of the Korean government, it is difficult to have a long-term ban.

The adoption of bitcoin will be accelerated if countries around the world follow the example of Japan and in legalizing Bitcoin. South Korea will be the second country in the whole of Asia to legalize bitcoin if the researching and developing for future policies for the cryptocurrencies will end up positively. Country like Singapore and Philippines are making also making their moves to become a crypto-friendly nation in southeast asia.

South korea  is always open to any opportunity that can help their citizens. But also south korea making it sure that that crypto is safe to us and can be benifitable to the people. so for me south korea is the best place to live if you are into investing bitcoin and also it a great country.

If South Korea has adopted Bitcoin. So it's good news for both people who use Bitcoin and Bitcoin. Because of this, bitcoin prices may increase. By which people who use Bitcoin will be profit. And more people can connect with Bitcoin.

Countries which would go with this way will be winers others like China losers its intersting Countries like Japan,South Koreia and etc. could make profit from internet things and electrocis and now they move to right direction again and others lose again.

It’s a good news indeed to the whole crypto community, one step milestone to worldwide adoption/acceptance to this mainstream technology. I hope this may bring positive impact and may uplift again the crypto market. Korea is one of the progressive Asian country and I hope other country will follow also.

with the power of Kpop, the rest will follow.

This should be the mindset of all government we have in the world even though we do have differences but in terms of financing we should have cryptocurrency or digital currency at the very least. We should innovate everything even we're going to face big changes in order to have a better life. Adoption for bitcoin and alternative coins would give great experience of living.

This is good news for the world of cryptocurrency. This implies that South Korea government have carefully reviewed the crypto industry and found it worthy to continue- not outright ban. That is, they have positive disposition towards cryptocurrency. That means South Koreans can now go ahead with crypto activities . The news implies that the future of cryptocurrency is indeed bright.

I have heard that Korea has accepted electronic payments in some places and the government also accepts the electronic currency and applies the tax. As you lower the tax will be reduced, this is a good news for the market in Korea

it's a good step for South Korea, it can open the door for cryptocurrency to enter. but the big question is how society can fully enjoy and run the crypto there.

Korea has opened opportunities for investors to invest in Cryptocurrency.
This is a good thing because, with this, investors can be legal in running their businesses that are supported by the government.
I feel if the Korean government applies taxes then this is also a beneficial side for the Korean government, the government can get additional money from Cryptocurrency.
Hopefully, this will be a real example to be followed by other countries.
I hope Cryptocurrency will be used by many people in this world.

Yeah, I read that too. The new policies along with the request from the government to improve the AML and KYC systems of local cryptocurrency exchanges have demonstrated the willingness of the government of South Korea for cryptocurrency regulation, even at the risk of the public acknowledging the decision as an intent of legitimizing the local cryptocurrency sector.

instead it's good and the country is advancing in finance because it not only uses its currency but uses bitcoin currency to open the crypto market and I think this is a great way to advance this modern technology

that's right, so other countries will start to be interested in accepting cryptocurrency as well because someone must start so that others come along too, if there are many developed countries that accept cryptocurrency it will make the price of bitcoin soar.

This is a positive step in the right direction for crypto.  Frankly, if other governments aren't so hell bent on the concept of control they might just come to appreciate the advantages and necessity of blockchain tech.   Unfortunately though, we need one of the major countries like USA, UK or other european countries like Germany or France to actually give the green light before we can see a consensus amongst countries supporting bitcoin/crypto currency.
Nonetheless, this is good news for the time being.

in my opinion this is a good treatment and step and I think that we have to awaken technology now and I think the Korean state has been guiding success in the economy and finance of the country

I think this is another great news to start a bullish trend in the market. another powerful state accepts cryptocurrency and this is good news

South Korea is one biggest market in asia and in the world. With good regulation, investor will more confident to investing more money. Beside that, common people will more to come to market. Cryptocurrency market is growing investment and i am believe more government regulate crypto following this step

I want to congratulate south korea for taking a giant step ,it goes to show that ,the government is open to new ideas in order to drive the economy for the well being of its citizens.i will also advice the people in south korea to embrace bitcoin with an open heart and make the best out of it for the overall economic growth of the country.good news once more congratulation.

This is great news for the entire community! Because there will be a lot more smart and rich people who will contribute to the development of the industry as a whole!

according to some data in the Asian sessions. I believe that the positive trend of each country in it is strengthened. last Monday and the day after. Trading volume has increased dramatically in 1 hour. Where the Tether has weakened. So, I think that the Korean government is getting bitcoin and crypto more authentic.

In a sense, South Korea is the place where the main potential for the cryptocurrency industry is concentrated. Since the region is a trading center for all currencies, it has a great influence on the industry as a whole. Any regulatory decision taken in this country affects the entire industry, both positively and negatively. In the end, South Korea became a new center of cryptocurrency trading and speculation. So I think, in any case, they will reach their goal ... They need it. And how it will affect the rest of the world, we can only guess.

Oh, That seems great. I think this happens almost every country step by step. So.. Do you think that it's time to buy some altcoins from korea? lol

 South Korea is increasingly active in opening up to the bitcoin market, because the country has benefited from its investment in bitcoin. And that's a positive sign that bitcoins are increasingly being accepted and benefited many countries.

Very good news for our South Korean friends to finally be open to cryptocurrency such as bitcoins. Soon, we'll see another bitcoin capital aside from Japan, and I think Korea fits well as the second country to ever welcome bitcoins with open arms. More countries opening to bitcoins, the sooner we can have a digital currency filled world.

This is good news for South Korean’s people and all investors of bitcoin all over the world. I think this is a big move for the Korean government. I believe someday all countries will begin to open their doors for the cryptocurrency. I hope this will help the market to recover again.

The transition to cryptocurrency is progress for the governments of the countries positively accepting Bitcoin.It means to get an independence  on the dollar printing machin USA and the control in the politics and economy of the country by the more powerful player countries in geopolitics.

South Korea and Japan is the big country that will accept new Technology in the world, we should happy because there are many country like South Korea and the Japan that accept bitcoin as the currency

The good news about this is that it will make the bitcoin very happy and this could be an important step in whether bitcoin will replace the other currencies. I am excited about this and congratulate Korea for its awareness and investment in the future.

South Korea accepts technological advances by applying it openly in the community, meaning that the government facilitates legislation so that cryptocurrency can be used freely without intimidation or fear that it is against the law.

Honestly, I am very happy to hear this news. This is a good sign for the development of crypto currencies. South Korea is one of the major countries in Asia, where many investors come from there. This is one sign that public trust in crypto currencies is increasing. I am sure that if more countries open access to crypto currencies, crypto currencies can grow and normal market conditions will be more easily achieved. I am sure that the decision of the South Korean government will trigger more countries to open up with crypto currencies so that more investors in the market. I'm sure one day the crypto currency will reach its glory again. Be patient!!!

If an open country with crypto currency is increasing. With the increasing number of open countries with crypto currencies, the future of crypto currencies looks brighter. South Korea as one of the developed countries will have a positive influence on other countries to be open with crypto currencies as well. I consider that a country that is open and gives legal status with crypto currency means that the country is aware of technological developments and advancements. Besides that, in the future, we will definitely need crypto currencies because there are some limitations that we cannot do quickly if we only rely on fiat currencies. It is undeniable that crypto currency transactions are fast, easy and inexpensive so that it is time for all countries to realize this advantage.

Qoo10 is based in South Korea and is a leading e-commerce company in Asian markets such as Singapore, Hong Kong, China and Indonesia. Qoo10 is often related to Amazon. The e-commerce giant is often called the Asian Amazon and now the Bithumb payment service will help with the payments in their worldwide payment method.

Applying tax for 10-15% will be hard for me because the more you have crypto, the more you pay tax.
And why did you think many korean investors will get into crypto market ? They will have to pay 10-15% from their crypto asset.
Government should not applying tax too much in our assets.

The government attitude towards Bitcoin in South Korea is not a consistent one. It changes every week or so. And some observers say that the politicians propose certain policies and regulations, so that their proxies could do insider trading and profit out of it.

The decision of the South Korea government to impose a tax rate on the cryptocurrencies seems to be a good measure because the taxes will be destined for the well-being of its citizens and will improve the investments of the country. In this way, South Korea will be a country model of how it adopts cryptocurrencies and they will gain greater confidence around the world.

South Korea opened the door for crypto. It could be used as one of the best moments, because now the South Korean country is becoming the largest country that adopts bitcoin and uses it. this is a good step and good news.

fresh wind blows again. hopefully it can open up big opportunities to restore the price of cryiptocurrency to be better. and the price goes up again. can also be an example for other countries. following the steps taken by the South Korean state

Wow! Wonderful would like to thanks South Korean authority. It is a great decision and opportunity for Korean crypto users and also for the cryptocurrency. It will be easy and more secure to transaction bitcoin and make payment by using bitcoin. It will increase more crypto adopters in South Korea.

Its nice to see that South Korea's government allows crypto in their country. They already have the chance to invest and earn huge profit. Most of asian countries are already accepting cryptocurrency , its a good news for everyone especially for south korea citizens.

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.

This is a charming news for all Korean crypto dealers their government will charge only 10-15% taxes as for income tax which is really affordable and acceptable for South Korean crypto dealers. As all the crypto user become free to the transaction safely many investors coming back to the crypto market.

this proves that bitcoin has become the best investment in this era, the bitcoin community has begun to spread throughout the world with a strong existence that makes it loyal to the state to realize the benefits of using bitcoin. Korea already has a strong market and exchange within this week, it is not surprising that the country began to develop a blockchain system

That's a great news for Korean investors and global invetors too. Korean Government has wise vision and open a door of infinitive world of future

This is really great news and meaning for our entire community. Because the Korean market is very big and very considered in.Thus through Korea i think there will be many countries in the world.

At last they have given the good news, they have opened heaven. China is going to buy and this is going to go up more than a rocket.

I recently heard a news about China opening its regulations against cryptocurrencies but I didnt see any credibility to that article so it might be fake but there are lots of positive news from around the globe but the investors are not triggered by them this time.

good news. but with the anonymous nature of bitcoin, can this kind of thing really be implemented by the government? can the ownership of the government really be controlled?

Nice one. Hope this will have a positive effect on the price of cryptocurrency at large

I am very happy with this country, besides their beautiful girl bands, their mindsets are open to technological developments and their country. I hope this country will open the way for cryptocurrencies to be accepted throughout the Asian continent... why do I hope in South Korea because now this country is very much in the spotlight of the world because of the boy/girl band of their country that has become an idol in many countries...

On July 3, representative of Park Yong-jin of the ruling Democratic Party of Korea revealed that the Korean government was ready to regulate the Bitcoin market. According to Park, he has submitted three revisions to build a legal framework for Bitcoin users and businesses. These documents are intended to continue to facilitate the development of the Korean Bitcoin market and industry.

A couple of days ago, Min Byung-Doo, a member of the country’s governing Democratic party and the chairman of Korea’s National Policy Committee, has strongly encouraged the government to legalize initial coin offering (ICO) and impose better crypto-related regulatory frameworks to legitimize the local market.
South Korea is moving towards fair regulation of cryptocurrencies and ICOs and will increase the interests of new Korean investors and companies and may influence other countries to follow this path.

This is a good sign for bitcoin. South Korea is a fairly large country in the world economic arena, and it is possible that the adoption of the cryptocurrency by this country will have a positive impact on its spread around the world.

Undoubtedly, every permission of any country to accept bitcoin is a great news for the entire cryptocurrency market. The more countries will decide on this step, the faster bitcoin can be implemented as a full-fledged, global currency.

That's a good sign for bitcoins, which proves that more and more countries are opening up to the bitcoin market today.

that's very good news bro. hopefully it can be a breath of fresh air for the world of cryiptocurrency. and the price is better than now.

It's good to know that with each passing day Bitcoin's demand is increasing. There can be controversies circulating and banning issues but I don't think it's going to totally lose its value because I believe that there are still those people who are aware, and are considered true believers of Bitcoin. It's such another good news for South Korea as they are open to this new kind of idea and innovation. In this way it can attract more investors from across the globe, and more developments are expected to be devised. We don't expect Bitcoin to be at its best all the time since life is very unpredictable but we can do our part to support and keep its excellency.

It is true that South Korea is opening its way to accept crypto currency, I heard a news that Korea conducted the 2018 blockchain conference there are many investors and participants participated in that conference, this will increase the demands for blockchain technology usage which is good for crypto currency enthusiasts.

I feel that it seems that more developed countries tend to be more open than less developed ones, which could make the developing world more prosperous, widening the gap between the rich and the poor. on the world

south korea has been known for its magnitude of business dealing and is a very good breeding ground for the blockchain technology as it will enhance the way and manner in which business is done in and outside their country most especially in terms of payments and receipt of fund transactions. its acceptance of the cryptocurrency will be a plus  to their economy

South Korea has taken a revolutionary step towards improving the economy of their country. Soon, many countries especially the neighbouring countries of South Korea will begin to initiate the same policy of accepting crypto and imposing tax on its activities.

Well it's a great news that south Korea open door for crypto currency because it's a big and well knowing market south Korea hopefully seminars and meeting conduct which will make new ways and new steps.

It will give more confident to korean investor. Reasonable taxes and regulation from government is good for cryptomarket and i am believe south korea will be one biggest market

Soon, we will learn about more countries that took the decision to open the doors to Bitcoin. I am glad that people understand that we do really need the cryptocurrencies, and BTC is #1.

Thank you for the information, I'm sure this is a good start to the end of 2018, hopefully in the coming year more and more countries will accept bitcoin.

The adoption of Bitcoin is evolving from day to day. South Korea's entrance to Bitcoin is such a good news because it's one of the richest and most influential country in the world and of all other cryptocurrencies South Korea chose to be with Bitcoin. We must be very grateful because South Korea is open to this new kind of development. It is very beneficial as will attract more investors that can give more progress for both parties. I hope that more countries will come to join the market.

This is a smart move by the government of South Korea. I believe this is the best direction any government in the world can take. Blockchain technology and the world of bitcoin would surely take the world by storm and this is the best time for any government to invest in blockchain technology.

This is good news !

I hope this country will pave the way for electronic money to be accepted across the continent of Asia ... why do I hope in Korea because now the country is so prominent in the world because the band Men / women of their country have become an idol in many countries ...

After Japan now South Korea want to open the door fro crypto currency, I thins is the best option how to make bitcoin and altcoin price growing back to higher price because it just the best solution to make bitcoin keep strong.

South Korea is a country that might be one of the pillars of cryptocurrency in the world, we know that South Korea has good potential and now South Korea will continue to be one of the best countries for potential cryptocurrency. if South Korea opens the door for cryptocurrency this can be a good thing.

The Korean cryptocurrency market is very bullish. If the cryptocurrency market in Korea recovers, we will see a revival of the market.

because it was not long ago that the Amble Blockchain meet up was organized in Seoul and with so many projects are springing form the Eastern side such as CryptoSouk and Cryptassist.

Very good news, this country has been able to see that this cryptocurrency can turn its country into a developed country. And I believe that in the coming years many nations will use bitcoin as a good digital currency to help the economy of the people.

Exactly. SK and Japan right now, are leading by example. Hopefully, other countries will follow in their footsteps.

No wonder South Korea is flourishing in its economy. It is one of the countries which utilizes every opportunity at its disposable to develop the country. Adopting Bitcoin and cryptocurrency in South Korea is a great news and will cause a revolutionary change in the world of crypto.

yes this is good news. In 2017 South Korea was the third largest country to trade bitcoin after the United States and Japan. and then South Korea earlier this year announced it banned cryptocurrency for fear of crypto being used for illegal activities. but in the middle of this year there was news of receiving again this really a good start. the Korean government issued a regulation for crypto trading that must include a bank account registered with the user's real name so that this will minimize the use of crypto for illegal activities. hopefully with the increasing number of countries that accept bitcoin, the price of bitcoin can rise again.

 South Korea is one of the largest bitcoin trading countries in Asia and the 11th richest country in Asia. so if the Korean government leaves bitcoin and also provides tax rules. then this will attract Korean investors to invest in bitcoin. and if many investors buy, I hope that it will have an impact on the bitcoin price movement. I hope this news will make bitcoin rise again.

The tax rate is still too high, South Korea economy is not so good now but I think 10-15% for tax is too high. In my opinion the ideal rate for the taxation is  about 1-2,5%. By that rate it will make more people to invest in cryptocurrency. By the way it still a good news for cryptocurrency users in Korea.

things like this have been predicted, if we see Japan in America and other developed countries opening up to bitcoin then the effects of South Korea follow in the footsteps of other developed countries so we can see things like we often hear, other countries are sure will follow so we must always think positively, things like this will always raise the price of bitcoin and make the position of bitcoin stronger ...

This is a reasonable tax fee, the government of South Korean made a great decision to keep investors active on the crypto platform. My country is a developing country, here bitcoin and cryptocurrency announced illegal but if the government will apply the tax-fee in our country then we will agree with the government. However, this is a very Good news, I think the crypto market is being stable now, anytime the bull run can start.

south korea taking this step is a plus for the cryptocurrency world and blockchain technolgy. Goes to show more people, companies and countries are accepting and adopting the use of bitcoin. in few years to come, we see other countries using bitcoin fully

I think that people needs to stop giving all their faith to a single country, in fact, i think that south korea is as very difficult country and maybe they are never going to accept it at a 100%.

The same happened with China a year and a half ago, it is all the same cycle.

Nevermind, the bitcoin adoption will happen, but not now.

It has a good news for all people in south korea it has a potential like japan, many people will help to invest in crypto as part of the business. It embrace the importance of crypto to thier community by the support of the goverment.after many years many people wil using crypto together with developing technology.

Korea is one of the leading countries in Asia in cryptocurrencies now and news about regulations and even banning cryptomarket was on hot seat lately. Glad to know that their decision is in favor of cryptos which i believe is a good decision that can benefit their nation.

South Korea is a big player in the cryptocurrency market and I can tell you that this is very good news because such a big country approves of cryptocurrency

That's a great news and besides year ago south korea doesn't accept bitcoin in fact their country is not interested on cryptocurrency so far, but now they open doors to bitcoin and cryotocurrency. Every crypto enthusiast hopes that all country around the world would accept cryptocurrency as a whole. Because it can also give a good impact to bitcoin and altcoins in the market.

Not sure about this. Even South Korea is a big economic, up to now, It still doesn't help to increase the price of cryptos.

Soon we will see the tendency to accept bitcoin as a commodity, a way of storing assets in countries around the world. But besides that, I think the countrys will issue separate and specific laws for cryptocurrency such as taxes, ICO legal regulations, exchanges

The big question is whether their stance can be trusted or not. In the past, the South Korean government had made so many u-turns regarding its crypto regulation policy. At least on two occasions, this crashed the exchange prices in the exchanges.

The opening of the doors to cryptocurrency is a good action but applying  higher tax rates may not be so beneficial to the investors and maybe to products where the coins are used because it will certainly add to their prices or values. There must be better opportunities for investments to allow more investors to come in and the use of cryptocurrency will be best appreciated by businessmen and clients. This scenario might just be able to solve the bearish market that we have.

that's very good news bro. so that it can be an example and a breath of fresh air for the world community that bitcoin and altcoin are very useful and worthy of our investment. so that no one judges bitcoin always from the negative side ..

South Korea should try to learn something from their neighbors, Japan. The latter was among the first to legalize Bitcoin and they benefited from it in the form of increased tax revenues and new job creation.

Soon, we will see that many more countries open their doors to the cryptocurrencies. People want to deal with the blockchain as they understand that these are the technologies of our future.

  I certainly visioning that crytocurrencies will be adopted by many countries around the world, which can actuate the flourish development and acceptedly been take it legally. And it sounds so pleasure that South Korea has seen how good and reliable to open widely cryptocurrency in their country and hopefully for the rest countries will start accept it delightly.

Now the South Korean financial regulator is reorganizing so it can "proactively respond to financial innovation in the fourth industrial revolution era" — meaning it's looking to nurture bitcoin, cryptocurrency, and blockchain. I think some of the countries are now embracing the blockchain or the cryptocurrency because they are studying what are those benefits they can get from it. Eighter for them or for their countrymen. They will not be going to regulate those things if they can't have any benefits they will get from it. Business is still business.

The largest financial institution in South Korea has decided not to support the digital exchange and provide virtual bank accounts to investors. That shows us that Korea has opened the door for cryptocurrency

The followers of bitcoin continues increasing this is one great news for bitcoin community cause lot's of countries believe and support in bitcoin. South Korea now accepted bitcoin, I am so thankful this country are open minded about the new technologies of cryptocurrency.

that's good, because now the bitcoin is spreeing in all country,.. opens the door to cryptocurrency and I'm sure someday all countries will begin to open their doors for cryptocurrency and cryptocurrency will be legalized as an investment asset, so I'm sure cryptocurrency prices will definitely increase very high if all countries start legalizing cryptocurrency.

Thats good news for them because they will enjoy the  movement of crypto in business industry low taxes its time to invest many people will have a chance to join in crypto world aside from that they will grow crypto market in thier country.

considering the South Korean country is a developed country and they opened the door for cryptocurrency it was very good. because maybe the South Korean country believes that this digital currency can be valuable assets in the future and help the economy of their people or other business fields.

Beside South Korea, Japan is earlier country that regulate cryptocurrency. I think more country will regulate cryptocurrency and mass adoption become closer. I hope with more country regulating cryptocurrency, investor will confident with their investment and not panic with market condition

Most of those countries who able to allow crypto have a long perceptions that this system can be use for much easier transactions overseas, knowing that it can help a lot in their industry those government bodies are able to create their rules not to bother crypto itself but a rule for the country itself and nothing
to do anything from this current system, people will learned from each countries that will succeed without breaking anything from the sole purposes of crypto market.

Cryptocurrency indeed many who take it in parts of the world. because the Cryptocurrency is able to show strong evidence that is able to generate more profits. currently many countries using Cryptocurrency as the main business includes on South Korea. with developed countries like South Cryptocurrency Korea capable of evolving rapidly.

South Korea’s biggest power utility – Korea Electric Power Corporation (KEPCO) – recently announced development plans for its own blockchain network. 

https://coinedtimes.com/crypto-adoption-in-energy-how-far-will-it-go/

Japan and South Korea are developed countries and we admit that most of the technology comes from that country. Developed countries have a good idea because they have good technological capabilities so they will consider digital currencies to be a future. While most countries do not have good technological capabilities, they try to abstain. Let's follow developed countries like South Korea, they recognize digital currencies because they know that in the future digital currencies will become an unavoidable need.

The world financial system will change and we must be ready from now on !!!