South Korea Opens Doors for Cryptocurrency

[molenracing]

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.

[Mary Taylor]

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.

[maxreish]

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.

[cuongdola211091]

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

[aryaadikariyansyahsuwarto]

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

[arthotdog]

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!

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

[zarintasnim]

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.

[jaocoincrypto18]

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!

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.

[Yohr87]

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.

[basyang]

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!

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.

[fempat]

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.

[skibikipapa69]

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.

[Supremacy2]

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

[Eigig]

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.

[anhmai4155948@gmail.com]

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

[happistarjp]

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

[nikiknowsnothing]

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.

[Daday23]

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.

[trangthin841212@gmail.com]

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

[Theoctopuspro]

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.