Monday, January 22, 2018

Bitcoin and other currencies remain stable :


The price of bitcoin and other cryptocurrencies is stable on Monday as gains remain limited on the uncertainty related to South Korea.

Bitcoin is at $ 11,713 at 4:49 AM ET (09:49 AM GMT) on the Bitfinex.

Ethereum, the second virtual currency by market capitalization, is at $ 1,072.3 on Bitfinex.

Meanwhile, Ripple's XRP is $ 1.37 on Poloinex.

On Sunday, the South Korean news agency Yohnap announced that the government plans to require cryptocurrency exchanges to share user transaction data with banks as part of a crackdown on cryptographic trading. change.

Banks are expected to introduce the system, which will be a "measure of tax enforcement", by the end of this month or early next month, according to the report, citing an anonymous manager of the system. financial authority.

Another report released by Yohnap on Monday said the government would impose a tax of up to 24.2 percent on corporate taxes and local taxes on cryptocurrency exchanges this year.

Last month, the government banned the opening of new virtual accounts for cryptocurrency investors and asked virtual currency traders to change their virtual accounts to real names.

The South Korean government is investigating several options to crack down on cryptocurrency trading, including a general shutdown of cryptocurrency and the closing of only those who act illegally.

Cryptocurrency trading in South Korea is highly speculative and digital currencies are often traded at a higher price, meaning that their prices are significantly higher in the country's trade than elsewhere in the world.

On January 11, police raided the offices of Coinone and Bithumb, two of the country's largest cryptocurrency exchanges, suspected of tax evasion.

The country banned ICOs in virtual currencies last September.
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