RE: Is Korean Crypto Returning to Normal? The Return of Crypto and the Kimchi Premium

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Is Korean Crypto Returning to Normal? The Return of Crypto and the Kimchi Premium

in bitcoin •  7 years ago 

Unfortunately these banking rules exclude foreigners, even if they are residents in Korea. Foreigners will not be able to make cash deposits into an exchange. This will make it very difficult for foreigners who live in Korea to trade in cryto. And there is even more government regulations in the pipeline, possibly VAT or taxing capital gains. When these new measures are announced expect a big drop in prices.

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