S. Korea, Taxes, EU...OH MY! Here's Shailen with the AltCoin Buzz latest news

in #altcoinbuzz7 years ago (edited)

This is Altcoin news, from the world of Cryptocurrency. We look at Peter Boockvar’s prediction saying that “I wouldn’t be surprised if over the next year it’s down to $1,000 to $3,000”. The European Union considering regulating cryptocurrency. Bitcoins price drop could see more people cashing out of cryptocurrency and investing into gold. Korean exchange Korbit halting deposits from foreigners. South Korea to tax crypto exchanges 24.2 percent, in line with existing tax policy. Banking group Nordea bans bitcoin trading. Opera Browser adds cryptocurrency miner protection for smartphones. Cryptocurrency culture pushes ahead in Cambodia, despite distrust from National Bank. We also look at some updates on CarVertical, VeChain and Sirin Labs.

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South Korean taxation is nothing weird. Just like any other business operating there making over a certain amount (may be 2 million) per month are liable to certain taxes. Why should you be worried. Moreover expiring of CBOE contract of bitcoin + South Korean Taxation + Much awaited Market correction after huge bull run + Market fear after seeing a dip has caused this over all situation.

Honestly I don't think it will fall down that far but in a way I wish it would considering I hold a lot of alt coins $$$

Looks like everyone's catching on to how people are making money with cryptos and making sure the country gets their tax compensation. lol

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