Re: South Korea Opens Doors for Cryptocurrency

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=kakao

In conclusion, Crypto is accepted by government's legal property, SO MANY KOREAN INVESTORS WILL GET INTO MARKET AGAIN!

That's a good news, i hope there will be more countries accept and open door for cryptocurrency.

That would be a grat begining.

Cryptocurrency indeed many who take it in parts of the world. because the Cryptocurrency is able to show strong evidence that is able to generate more profits. currently many countries using Cryptocurrency as the main business includes on South Korea. with developed countries like South Cryptocurrency Korea capable of evolving rapidly.