https://cointelegraph.com/news/s-korea-to-tax-crypto-exchanges-242-percent-in-line-with-existing-tax-policyDespite 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?
In the beginning of all this mess the south korean government stated they
were NOT going to ban crypto, but that was REPORTED INCORRECTLY which
led the panic selling and to where we are today.
Taxing crypto is a funny one really, on one hand it legitimizes the industry
but on the other is introduces a degree of regulation. is that a good thing?
I know a lot of people will not like either taxation and regulation.