South Korea Slash Tax For Blockchain Startups by Over 30%

[georgebaily54]

South Korea Slash Tax For Blockchain Startups by Over 30%. Blockchain companies operating in South Korea had some good news to cheer on in the past week as the country took a bold step to encourage the growth of the industry.

https://www.addisonchurchill.io/south-korea-slash-tax-for-blockchain-startups-by-over-30/

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[Harlot]

South Korea is really making a big move here for there cryptocurrency industry, what it looks like to me is they are really favoring the industry for their future economy. By cutting their taxes by 30% they are making their country more attractive which already is. The best thing about this is there is no term limit on the tax cut which I assume will be in effect for several years until the South Korean government will be normalizing it. The next question is what would Japan do next in order to stay put with their Asian neighbor?

[boyptc]

Next to Japan, I see that South Korea is one of the most crypto friendly countries on Asia. They really are thrives for the innovation and we see on their actions.

Though some bad news about exchange hacks happened in the past, they never get tired of it. Kudos to SK and this cut will encourage more startups to pursue crypto business.

[marcbitcoins]

South Korea Slash Tax For Blockchain Startups by Over 30%. Blockchain companies operating in South Korea had some good news to cheer on in the past week as the country took a bold step to encourage the growth of the industry.

https://www.addisonchurchill.io/south-korea-slash-tax-for-blockchain-startups-by-over-30/

This news shows on how South Korean government is really supporting the existence of crypto currecy investment in which indeed that it will encourage more Koren investors to join the Crypto investments. Hopefully it will help to trigger the long awaited bull run so that Bitcoin will become great again. Lets wait and see.

[Kemarit]

Very interesting. It looks like South Korea really wanted to compete against Malta, Switzerland to be the next crypto hub around the Asian region. I wouldn't say that they are competing with Japan in Asia, but it seems they really open the door to attract a lot of companies to put South Korea as their headquarters for this whole crypto currency/blockchain technology. Singapore is also emerging so as Thailand, so its going to be a busy year for the Asian neighbors and I'm sure a lot of Blockchain Technology will be hosted by either of those countries mentioned.