South Korea is considering admitting cryptocurrency as a legitimate financial product for tax revenue

in korea •  7 years ago 

 South Korean government is considering taxation on cryptocurrency.

It is not certain whether it will be in the form of transfer income tax, additional tax or others, so we’re making surveys on overseas cases. 

The total volume for cryptocurrency transactions here, though the precise number is not determined, has recently been estimated at way over 15 trillion won ($14 billion). According to global cryptocurrency market researcher Coin Market Cap on Jan. 19, South Korea’s top two operators Upbit and Bithumb accounted for a combined 14.8 trillion won in daily transactions. =============================================================================   FASTEST & RELIABLE KOREAN CRYPTO NEWS   

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Very interesting. Wonder how this will play in crypto market