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
I don't really know how koreans will ever do this but the way I see it, the government will be taxing their money from bitcoins the moment they cash out. I don't know why but it seems to me that the SK government is just trying to fishout some money out of bitcoin transactions in their country.