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=5981I didn't think that people will support you in the aspect of writing a petition again them for taxing cryptocurrency because it will get to a point that virtually all countries that will adopt cryptocurrency will do same thing and this news is even more encouraging that Korean government would not be banning cryptocurrency, and one question that you need to ask is if you prefer them to create a taxing system for cryptocurrency, or to declare cryptocurrency as illegal, the choice is yours, but for me, I would rather prefer they tax because I dont see why we should run away from tax.
They are not stopping us from cutting the third party off our usage of bitcoin now, but for the part that is more important to government is taxing which you will be offending them greatly if they dont get to tax.