Quote from: jademaxsuy on August 04, 2020, 08:19:32 AM

Quote from: michellee on August 04, 2020, 06:59:22 AM

I think the Korean government won't let people not pay the tax, and they will investigate every people, no matter if they use crypto or not to pay the tax. The tax is important to them to help the government grow the country's economy, especially after their country gets attacked by the Covid-19. I hope that the government can give a fair tax to their people so they will not be a problem for everyone who has an income from the crypto trading.

Yeah they will go and file a case against those individuals that will going to violate or evade tax for it. And not only the small time violatora they will going to pursue but the government should after the big one or high profiles doing bitcoin trading. This is a good start for bitcoin industry and it will be a worldwide like betting where funds around the world will be distributed in accordance on how good a the people of that certain country do the trading.

I think it is easy for the government to track people who don't pay the tax or if they want to violate the law because I am sure that the government will have their data. People will not be afraid if they're going to do trading because they can now be protected from the law, and that can make crypto adoption grow.

Quote from: Alobo Realer on August 04, 2020, 06:41:40 PM

This is no sad news if viewed from a different perspective other than the high tax rate. It would give the crypto traders legit license to keep on to their business and the use of cryptocurrency in the country. After paying the required tax for a couple of years, it will become like a common thing and the full advantage of them paying the tax will become so obvious.....

My advice to the investors is that they should accept what is before them; to pay the tax, so they live to smile in the near future as it will be a legalized way of payment and transactions with cryptocurrency just like every other system of the economy.

Besides that, with paying the tax, it can attract many new crypto traders or exchanges that will launch because their business now can take attention from the government, and people themselves will see that cryptocurrency can be one of the commodities or asset to them. I think the government will calculate how much they need to pay the tax, and I am sure that there is a range between the profit that they earn, so they will not have jealousy between them.