The Upbit Exchange Scheme Generated More Than Half of Forex Revenues cryptocurrency of $ 648 million in South Korea. According to data released by MP Park Kwang-on and reported by local media Yonhap News on Sunday, Korea's total revenue sector's booming revenues have jumped 8025% over 2016, while they do not it was only $ 7.5 million

Trade benefited from a bustling and competitive market for most of last year, before the South Korean government is beginning to threaten the restrictions and even the outright ban of cryptocurrency trading from December

the consequences of new tax obligations for trade for l 39; Exceptional year of 2017 continue

In January, legislators demanded that local tax and income tax rise to just over 24% of income earned during the period considered.

Upbit seems to be on the line to take the biggest hit with its 52.9% market share in 2017 with Bithumb, Coinone and Korbit following in the second, third and fourth places respectively.

Bithumb, which hit the headlines last year due to security breaches and this month for its prestigious partnership with the WeMakePrice online shopping mall, has accumulated $ 317.7 billion. dollars. In 1945, according to government guidelines, all payments due must be made before the end of March for corporate tax and end of April for local income tax.