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    Arizona is the right place for a smart contract

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    South Korea will oblige cryptocurrency exchanges to pay taxes

    South Korea will oblige cryptocurrency exchanges to pay taxes

    Currently, the economy of Cyprus has stabilized, but the number of traders and owners of digital currency has not decreased. Many companies in Cyprus accept bitcoins.

    Blockchain and cryptocurrency in Cyprus

    Armed attack on the office of the canadian crypto-exchange

    Armed attack on the office of the canadian crypto-exchange

    Users filed a class action for BitConnect cryptocurrency exchange

    Users filed a class action for BitConnect cryptocurrency exchange

    Scammers are cashing in on telegram ICO

    Scammers are cashing in on telegram ICO

    Blockchain: smart contracts and their security

    Blockchain: smart contracts and their security

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    Google has banned ads cryptocurrency and ICO

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    Arizona is the right place for a smart contract

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    South Korea will oblige cryptocurrency exchanges to pay taxes

    South Korea will oblige cryptocurrency exchanges to pay taxes

    Currently, the economy of Cyprus has stabilized, but the number of traders and owners of digital currency has not decreased. Many companies in Cyprus accept bitcoins.

    Blockchain and cryptocurrency in Cyprus

    Users filed a class action for BitConnect cryptocurrency exchange

    Users filed a class action for BitConnect cryptocurrency exchange

    Scammers are cashing in on telegram ICO

    Scammers are cashing in on telegram ICO

    Blockchain: smart contracts and their security

    Blockchain: smart contracts and their security

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      Arizona is the right place for a smart contract

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      Currently, the economy of Cyprus has stabilized, but the number of traders and owners of digital currency has not decreased. Many companies in Cyprus accept bitcoins.

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      Users filed a class action for BitConnect cryptocurrency exchange

      Users filed a class action for BitConnect cryptocurrency exchange

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        Arizona is the right place for a smart contract

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        South Korea will oblige cryptocurrency exchanges to pay taxes

        South Korea will oblige cryptocurrency exchanges to pay taxes

        Currently, the economy of Cyprus has stabilized, but the number of traders and owners of digital currency has not decreased. Many companies in Cyprus accept bitcoins.

        Blockchain and cryptocurrency in Cyprus

        Armed attack on the office of the canadian crypto-exchange

        Armed attack on the office of the canadian crypto-exchange

        Users filed a class action for BitConnect cryptocurrency exchange

        Users filed a class action for BitConnect cryptocurrency exchange

        Scammers are cashing in on telegram ICO

        Scammers are cashing in on telegram ICO

        Blockchain: smart contracts and their security

        Blockchain: smart contracts and their security

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        Arizona is the right place for a smart contract

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        South Korea will oblige cryptocurrency exchanges to pay taxes

        South Korea will oblige cryptocurrency exchanges to pay taxes

        Currently, the economy of Cyprus has stabilized, but the number of traders and owners of digital currency has not decreased. Many companies in Cyprus accept bitcoins.

        Blockchain and cryptocurrency in Cyprus

        Users filed a class action for BitConnect cryptocurrency exchange

        Users filed a class action for BitConnect cryptocurrency exchange

        Scammers are cashing in on telegram ICO

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        Blockchain: smart contracts and their security

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          Users filed a class action for BitConnect cryptocurrency exchange

          Users filed a class action for BitConnect cryptocurrency exchange

          Japan will call on the G20 to strengthen measures to prevent money laundering using cryptocurrency

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          Home > Regulation of cryptocurrency > South Korea will oblige cryptocurrency exchanges to pay taxes

          South Korea will oblige cryptocurrency exchanges to pay taxes

          Satoshi Nakamoto by Satoshi Nakamoto
          19.08.2018
          in China and Asia, Cryptocurrency, Cryptocurrency Exchanges, Cryptocurrency trading, News, Regulation of cryptocurrency
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          South Korea will oblige cryptocurrency exchanges to pay taxes

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          The South Korean government announced on January 22 that it will collect 22% of state corporate tax and 2.2% of local income tax from the country’s crypto-exchanges.

          The news of the need to pay these taxes was announced immediately after the completion of an unprecedented anti-money laundering study in six major South Korean banks, which revealed a 36-fold increase in Bank fees charged from virtual accounts linked to crypto-exchange accounts (from 61 million won ($57,340). USA) in 2016 to 2.2 billion ($ 2 million) in 2017).

          In 2017, the South Korean Bithumb exchange earned about 317.6 billion won ($295 368 000). Therefore, the government, in accordance with the new tax rules, expects to receive about 60 million won in taxes.

          The announced tax rates are for all companies whose annual income exceeds 20 billion won ($ 18.7 million), according to the South Korean tax code.

          Previous events in the crypto market of South Korea are also not quite positive.

          So, Bithumb cryptocurrency exchange (one of the largest in the world, with a daily trading volume of $ 2.85 billion) was hacked in February 2017, losing bitcoins and ethereums of its users by $7 million This cyber attack, along with several others, has recently been attributed to North Korean hackers.

          Recently, the government of South Korea has stepped up work on the regulation of cryptocurrencies. The government has frozen the opening of new anonymous virtual accounts and banned the use of previously opened ones. Trade on crypto-exchanges for minors and foreigners was also prohibited.

          The South Korean crypto community sent a petition to the government to abolish the prohibitive measures, which collected 200,000 signatures. An official response from the government is expected.

          Source: Cointelegraph.com

          Tags: Regulation Crypto Exchanges
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