South Korea Opens Doors for Cryptocurrency

[Utuhikan]

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.

[rindo]

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.

[levvv]

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!

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.

[Netnox]

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.

[verita1]

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.

[bandungan]

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.

[sari_]

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

[dvdrewritable]

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.

[Captain Sneeze]

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!

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.

[Aleksabit]

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.

[Stargazer]

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.

[muhdede]

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

[suman mark]

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

[thichtieuthuong]

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.

[Compiler]

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.

[ubercool]

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.

[xlmlover]

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?

[Easzjohn]

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

[Chrystora123]

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...

[fistteam]

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.