South Korea Opens Doors for Cryptocurrency

[poletando]

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

[bryant.coleman]

In conclusion, Crypto is accepted by government's legal property, SO MANY KOREAN INVESTORS WILL GET INTO MARKET AGAIN!

I really doubt that. The South Korean government policies regarding crypto-currencies changed every two hours or so during the beginning of this year. And that caused a lot of chaos in the exchanges. A lot of investors lost their money due to their ever-changing stance. I really doubt whether the South Korean users will feel confident with the government policies now.

[hh4mmm]

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.

[plr]

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.

[rjsmith]

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.

[Cutieh01]

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.

[deadsilent]

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.

[cryptoroi]

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.

[niteroy]

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.

[Dasha88fed]

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.

[ClintonJ]

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.

[PaulTrace]

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.

[YuiAckerman]

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!

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.

[gabmen]

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.

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.

[francesyrus]

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....

[greenvally]

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.

[carlisle1]

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

[zanhef24]

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.

[Psychee]

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

[Fredomago]

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.

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.