South Korea is preparing to tax bitcoin use after the cryptocurrencys trading volume skyrocketed past that of Kosdaq.
Death and taxes ... it seems that even bitcoins can't escape that
Death and taxes ... it seems that even bitcoins can't escape that
If there will be taxes on bitcoin then it is a good sign and development to bitcoin. If taxes were placed to bitcoin this means that the certain state who placed such rules have already accepted bitcoin as a currency. This will provide bitcoin a greater market since the state has recognized it, this will also promote bitcoin usage and increased its users.