South Korea: Economists say taxing Bitcoin is a “premature” decision; here’s whyBTC $9650 (+1%) • ETH $244 (+0.9%) • XRP $0.19 (-0.1%)
South Korean economists aren’t happy with the government’s proposal to tax Bitcoin and other cryptocurrencies, days after reports suggested the latter. Any “cryptocurrency tax” must be abolished and not implemented, the country’s academics told local reporters over the weekend. The reason was singular and simple — taxes on an emerging asset class and disruptive technology sector may block broader industrial growth in the country; one that suffers from an ongoing employment crisis.
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East Asian nations are forging ahead with their digital currency and blockchain plans, with most being largely lenient towards large-cap digital assets like Bitcoin. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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terça-feira, 23 de junho de 2020
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South Korea: Economists say taxing Bitcoin is a “premature” decision; here’s why