Cryptocurrency Development Company in South Korea

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• Cryptocurrencies have become a cultural
  phenomenon in Korea. Particularly Crypto market
  plays an important segment in South Korea,
  Compare to other countries South Koreans are
  famous for a high percentage of Cryptocurrency
  enthusiasts within the population.
• South Korea is considered the third-largest
  market for Bitcoin traders in the world. It is
  the home place for more than a dozen of
  cryptocurrency exchanges, In South Korea,
  cryptocurrency trade will be 30 above prices
  compared with other countries.

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Cryptocurrency Regulation in South Korea

• In South Korea Cryptocurrency regulations are
  pretty tough, South Korean government introduce a
  crypto exchange licensing system it was
  recommended by the Financial Action Task
  Force(FATF), now you all are confused about What
  is Financial Action Task Force(FATF)?, It is an
  intergovernmental regulatory organization and
  also International anti-money laundering
  watchdog.
• South Korean Finance Minister Hong Nam-ki
  revealed that the South Korean Government was
  planning to introduce more robust for
  cryptocurrency regulations. In South Korea,
  Cryptocurrencies are not treated as legal tender
  and exchanges, Cryptocurrency transactions are
  currently tax-free in South Korea but taxation
  will be expected to be enforced at the end of
  2019.

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How to Buy and Trade Bitcoin in South Korea

• Korbit - it is the first and largest Bitcoin
  exchange platform in South Korea, based on
  trading volume, by using this method deposits can
  be made via Bank transfer only, it offers a
  remittance service.
• Coinplug - By using this platform customers can
  buy Bitcoin by making a bank deposit to one of
  Coinplugs Virtual bank accounts. It also
  operators the okBitcard service which allows
  Bitcoin vouchers to be purchased from any ATMs.

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• Mycelium Local Trader - This platform used you to
  find local Bitcoin sellers, Mycelium Local Trader
  mostly works in highly populated areas, because
  it is trouble to find Bitcoin sellers in a
  highly-populated area so this platform helps us
  to meet the Bitcoin Sellers and conduct the
  trade. Mycelium does not take any charges for
  their services
• Changelly - It works in nearly every country, In
  this platform, you will need another
  cryptocurrency in order to purchase Bitcoins,
  Changelly is the easiest and fastest way to buy
  Bitcoins with Altcoins.

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• LocalBitcoins - It helps both Bitcoin Buyers and
  Sellers, It does not need any personal
  information, Purchase to Bitcoin can be made
  quickly via cash deposit.
• CoinMama - It is the Worlds largest Bitcoin
  broker works in almost 55 countries around the
  world to buy Bitcoin with a credit or debit card
  payment, they charge 6 of the fee on each
  purchase and also gives highest limits for buying
  Bitcoins with a credit or debit card. Purchasing
  with a debit or credit card is one of the fastest
  and easiest ways for new users to buy Bitcoin.

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Cryptocurrency Taxation in South Korea

• Normally South Korea has an every high taxation
  rate. From 2013 Bitcoin and other
  cryptocurrencies are exempt from the capital
  gains tax, this will helps traders and investors
  can keep 100 percent of their profits. The
  government will also require exchanges to provide
  users transaction data in order to impose an
  individual tax as well, it helps to navigate
  crypto taxation more simple. But now the
  Government of South Korea has announced that
  Crypto exchanges request to pay corporation tax
  up to 22 by Next year because it is estimated
  that the amount of exemption would be
  considerably large.

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• Developcoins is the best cryptocurrency
  development company in South Korea specialize in
  providing reliable and secure coin creation
  services and also focused to deliver the wide
  range of cryptocurrency and blockchain
  development services and a high level of
  excellence to give their full support and provide
  free consulting to their clients to create their
  own cryptocurrency and complete their project
  within the specified time.
• With Developcoins, you get the assurance that a
  skilled developer will work on your project and
  will be able to give you precisely what you need.

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• Create Your Own Cryptocurrency with Developcoins!