Bitcoin prices fall drastically!

Bitcoin prices rebounded on the weekend and after 17 thousand dollars rest, the last minute tax news from South Korea showed a sudden decrease and began to test 14 thousand dollars.

In the South Korean government statement, it was announced that it would be possible to apply some of the taxes in the current legislation to the crypto currencies and that the applications would be completed in the first half of 2018.

Choi Young-rak, Tax Department Manager of the Ministry of Strategy and Finance, said, "It is possible to receive tax on corporations according to the current law," said a meeting on the amendment to the Tax Code's Revision Decision Executive Decision. It is noted that the taxation process will be completed in the first half of the year.

A Crypto Money Taxation Team was set up under the precautions South Korea took with regard to crypto money. According to Choi, the team had a meeting with the relevant experts, the Internal Affairs and Finance ministers, and received information.

WHAT IS THE PRICE OF BITCOIN?

Bitcoin prices have passed on the news after the news. The price of Bitcoin, which lasted 16,500 dollars last night, dropped to 14,200 dollars after the development in South Korea from the high-volume countries of the cryptopoly market.

The market value of yesterday was over $ 280 billion, so Bitcoin melted about $ 41 billion a night. Bitcoin prices around 14:45 as of 18:35

On the other hand, according to a report from the Asia Today newspaper, Choi noted that new regulations are needed in areas such as capital gains tax

South Korean President Moon Jae-in, who is chairing the National Economic Advisory Council meeting, said, "We must take measures against those who are going to make the tax incentives difficult, and the intermediary institutions that carry out virtual money transactions and collect taxation information need to be audited." said