South Korea Government going to apply *TAX* on Cryptocurrency under current law

in cryptocurrency •  7 years ago 

As per the announcements by the government spokesman, South Korea government going to apply ** TAX ** on cryptocurrency trading which will be comes to existence middle of this year.

The task force team of virtual currency has releases government measure or views on crypto regulations. This team organized meeting with the crypto expert and ministry of internal affairs and internal revenue service (IRS) according to spokesman.

As per above news we can measure this , as a positive view of Korean Government in regards with cryptocurrency.

In short we can say the Government should applied any form of tax .....but it should be reasonable and should not be abused to sabotage this new economic monetary movement.

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I don't think taxes should be applied to cryptos.. we pay them anyway when we convert them to fiat so why pay 2 taxes?

Great info. I am not sure how but I know that the US government will find a way to attempt to tax the heck out of crypto.

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Fuck crypto taxes, are you kidding me? Why are people allowing this?! We're supposed to use crypto and blockchain tech to free us from establishments, not continue to allow them to force their way into everything, and continue to steal resources! Govt had nothing to do with crypto, they dont own it, and they dont own us! The only response to this should be revolution, same in the states or anything where else elitist strangers claim the right to peoples belongings! This is infuriatating

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