South Korea Opens Doors for Cryptocurrency

[Winnerschapel]

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

[InKiTy38]

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

[xuzukami]

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.

[Haoque89]

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?

[Kasliono]

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!

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.

[Blackwhite69]

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

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

[Assface16678]

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

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.

[Delinquency]

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.

[Breanne]

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.

[CryptoGosu]

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.

[Ava Duvall]

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

Hopefully! china has a great market place!!

[burakdat]

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.

[Gravityle]

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.

[melch100]

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.

[Mia Wallace]

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.

[kniheant]

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.

[harley.kitty]

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.

[letecia012]

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.

[skidanchikbizon]

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

[Acsirp]

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.