Quote from: Metherry on January 22, 2018, 03:57:40 PM

Quote from: ClutchThese on January 22, 2018, 02:39:18 PM

http://fortune.com/2018/01/22/south-korea-bitcoin-exchange-tax/

Quote

South Koreas government is hitting the countrys cryptocurrency exchanges with massive tax demands, in its latest attempt to rein in the booming and volatile sector.

According to a finance ministry official, cited in a Yonhap report on Monday, South Korean cryptocurrency exchanges will this year need to pay 22% corporate and 2.2% local income taxes on last years earnings by the end of March and April respectively, if they had an annual income of over 20 billion won ($18.8 million) during 2016.

Seems like you can chalk up some of todays low's as the Korean Gov laying the smack down.

How can South Korea government apply this tax? they cant stop p2p selling.
groups and forum like this can break this high fee.
they will reduce demand but cant ban it.

They are applying the tax to the exchanges. Who do you think will ultimately pay that fee? Companies don't just eat 22% tax and let you continue on as normal.