Post
Topic
Board Bitcoin Discussion
Re: Korea To Tax Bitcoin Use
by
soham
on 17/10/2017, 23:10:44 UTC
South Korea is preparing to tax bitcoin use after the cryptocurrency’s trading volume skyrocketed past that of Kosdaq.
Death and taxes ... it seems that even bitcoins can't escape that Smiley

I don't know about what others are thinking, but imposing tax on bitcoin transactions or revenue looks like a positive change to me. If bitcoin is taxed by some government, that means, bitcoin become legalized in that country. I am sure bitcoin users won't mind paying a certain percentage of tax from their trading revenue to the government and get a legal status. While majority of the governments have not taken a step to legalized bitcoin, Korea's case can work as an example to them and they might follow the same route by providing a tax framework to their citizens as well. That will be a positive move and acceptability will grow higher for bitcoin. That means price of bitcoin will also grow higher. I am sure if it happens, it will leave a positive impact on bitcoin and crypto world as a whole.