Post
Topic
Board Bitcoin Discussion
Re: South Korea discuss the possibility to give crypto a legal status
by
Leyss
on 02/11/2019, 08:50:58 UTC
It seems that the period when the cryptocurrency was not regulated and taxes were not paid on income from it, is passing. Now all states are considering the possibility of establishing taxes on profits in cryptocurrency and this is quite natural and logical. Any state has the right to establish taxes on any type of activity of citizens that brings them income. If the government in South Korea does this, citizens will be required to pay such a tax. Otherwise, the government will be forced to take retaliatory measures, including by restricting or even prohibiting the circulation of cryptocurrency.