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, lets 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=5981Lately I keep hearing that the govs starting to regulate bitcoin and it won't be good for btc. I guess this is one of those steps. As I understood from your expressions, you also don't like this decision of the South Korean Government. Holders probably won't be affected much but it is not a good feeling to get taxed. I can't tell the exact reason but isn't being regulated a good thing for crypto? I mean It means that the govs acknowledge crypto... It is better than banning them...
They have 2 options:
1-Ban crypto
2-Regulate crypto
Which is the worse choice?