Ninjastic
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Board Bitcoin Discussion
Re: Korea To Tax Bitcoin Use
by
orions.belt19
on 19/12/2017, 02:00:29 UTC
Quote from: Yzhel on December 18, 2017, 02:14:28 PM
Quote from: Tony_Nguyen on December 18, 2017, 01:55:31 PM
Quote from: ledu_ico on October 15, 2017, 10:38:03 PM
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

That's suck. I hope that they plan to pay us some money to recover the losses from trading/ investing too.
I heard that Korea will ban all cryptocurrency? right? It is better for them to tax crypto rather than banning it at least you still earn profit from it rather than earning nothing. We must be positive always, of course if your people are earning you as a citizen is oblige to pay right taxes as well.

Regulation is better than a ban. The korean government must have wanted to impose taxes in order to generate revenue and at the same time, control the huge volume of bitcoin transactions in their country. It's probably to avoid money laundering or illegal activities through the use of bitcoin. The government always puts the interest of its citizens first and cater to their needs by ensuring their protection and security. This bitcoin regulation is just a safeguard for their country.