Post
Topic
Board Bitcoin Discussion
Re: South Korea discuss the possibility to give crypto a legal status
by
joinfree
on 01/11/2019, 16:54:59 UTC
Currently, crypto is NOT taxed in korea. If they do this, it most likely WILL be taxed in korea.

Please everyone, for the sake of me, let’s all sign a petition to stop the Korean government from doing this to ME and everyone like me. This will not raise trading volumes on korean exchanges and will only hurt those invested in crypto in korea.

Damn you Korean government! Damn you all to hell....!    Source: http://www.thebchain.co.kr/news/articleView.html?idxno=5981
so sorry about that mate, but it's the government and it has some level of authority to implement come rules if they see the need. Not that i am in support of it but i think it would be very effortless trying to write petitions about this. Moreover, most governments have never been a fan of cryptocurrencies and the whole blockchain technology at the go. The power that it takes from them is enough to let them shut it down. If i were you i would find other alternatives to run my business successfully than trying to fight back in situations like these.