Before this time, almost Korean investors really worried about new tax policy for cryptocurrency.
That's why all news said the government will apply 3~40%taxes for crypto at Jul~Aug.
But today, the government said we will apply 10~15%taxes for crypto like interest income tax, and it is very acceptable to all Korean investors.
Also they said we feel hard to say it will happen within this year and although will happen this year, there will be 1~2years stay period.
http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&oid=023&aid=0003382087&sid1=001&lfrom=kakaoIn conclusion, Crypto is accepted by government's legal property, SO MANY KOREAN INVESTORS WILL GET INTO MARKET AGAIN!
Bitcoin being the decentralised crypto currency in most parts of the world, still making millions of investors around the world and moreover there are even few countries who has legalised crypto currency in their nation as they have understood well the fate and potential of bitcoin and that is why they legalised it in their nation and now experiencing a boost in the development of their nation and moreover increase in GDP also and it is happy to say that South Korea is one of the bitcoin benefiary country.