Quote from: arpon11 on January 26, 2018, 07:12:02 AM

Quote from: MV7 on January 26, 2018, 05:44:35 AM

https://cointelegraph.com/news/s-korea-to-tax-crypto-exchanges-242-percent-in-line-with-existing-tax-policy

Despite all the FUD from Korea lately, it seems like the government is actually taking a fairly positive stance towards crypto now. I think an official tax system for cryptocurrencies legitimizes the industry. Looks like Korea might be going towards what Japan has done in terms of policies regarding crypto, even though in the beginning it looked like they were going in the same direction of China (creating FUD, making things illegal).

Everything is still in the initial stages, so I'm really interested in seeing what happens in the future. What do you guys think?

I must actually commend the south Korea government and there tax agency for being fair in this as I know from beginning that people were just over pump the issues over there in other to create panic selling. I have said this several times that government need to understand crypto currencies aim and objectives in other to take advantage of it as we can see that Japan gdp has rise significantly because of legalizing of bitcoin and others altcoins!

I agree. I'm generally not a big fan governments, but I think the Korean government took the right step in this case.

In the beginning, I really thought Korea was going towards what the Chinese were doing. I watch quite a bit of Korean news, and FUD was being spread around constantly. There were a lot of reports of people selling cars and houses to buy crypto, only to lose their money in the recent dip. Obviously the fault of the investors, but news media were treating it as if cryptocurrencies were at fault, and not the investors.

Things started changing I think about a month ago when factions of the government started disagreeing on what to do with crypto, with some saying it should be banned all together. Cooler heads prevailed though, and now I think it's headed somewhat in the right direction. Hopefully the same thing that happened in japan in regards to crypto can happen in Korea