South Koreas government has reportedly imposed a tax on the domestic
Cryptocurrency exchanges.
To be specific, they will be subject to a 24.2% tax (22% coporate and 2.2% local income taxes). According to Yonhap News Agency, the government is also requiring exchanges to share the transaction data with banks.
Tom Lee, a strategy analyst, reckoned there would be a dramatic drop in Bitcoin price down to $8,000-9,000, followed by a sharp increase to above
$20,000 by the end of 2018.
This year is anticipated to be a rough, yet successful year to wise investors in this market.
RothscoinTeam.
For me this is a wise decision of south korean government to employ a 24.2% tax to all corporate and local income tax and declare to some exchanges share a transparent transaction data with banks,they do this command to prevent money laundering and using the cryptocurrency in illegall transaction.this decision of korean government is better than totally banning of all digital currency in there country,because many korean investor would be affected if this kind of law will be implemented.