Korea Bizwire, Author at Be Korea-savvy
With Bitcoin Values Soaring, Wallet App Downloads Surge

With Bitcoin Values Soaring, Wallet App Downloads Surge

SEOUL, Dec. 18 (Korea Bizwire) – Wallet apps used to store cryptocurrency are rising in popularity in the wake of Bitcoin’s meteoric rise in valuation that has stirred up feverish interest among experienced and amateur investors alike. According to market research firm Sensor Tower, over 25 million smartphone users worldwide have downloaded a wallet app [...]

S. Korean Government Mulls Cryptocurrency Taxes

S. Korean Government Mulls Cryptocurrency Taxes

SEJONG, Dec. 18 (Korea Bizwire) – Word from government departments indicates a task force comprised of National Tax Service officials and blockchain experts will soon be formed, with the purpose being to resolve the issue of appropriate taxation for the cryptocurrency industry. There has been some consternation regarding the question of taxes on currencies like [...]