On Wednesday, South Korea publicized on their government statement that the capital profits from bitcoin trading are to be taxed. Moreover, a bill will be proposed to ban underage participation in creating accounts on the exchange of virtual coins and screen those eligible to manage an account, as mentioned in the statement. They said that eligibility requires traders to divulge all bid and offer quotations and to follow protection rules for investors. In the country, government bills have to be approved by the National Assembly. Following the statement, they had a sudden policy meeting to further clarify policies on cryptocurrencies.
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