logo-loader

Bitcoin Bubble Watch: South Korea moves to tax cryptocurrency

Published: 13:11 13 Dec 2017 GMT

Bitcoins
On Wednesday, Bitcoin was changing hands above US$17,200.

When the authorities are scrambling to put up new capital gains taxes, you’re more than likely seeing a bubble.

South Korea is now reviewing how profits from cryptocurrency trading are treated for capital gains, and at the same time the country’s regulators are looking at conditional cryptocurrency trading on qualified exchanges.

Elsewhere, Australia central bank governor described the attention on Bitcoin as “speculative mania” following up comments from the central bank of antipodean neighbour New Zealand which said it was a classic example of a value bubble.

On Wednesday, Bitcoin was changing hands above US$17,200.

Atlantic Lithium set to hit several milestones at Ewoyaa

Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) head of business development and chief geologist Len Kolff sits down with Jonathan Jackson in the Proactive studio to recap the mining lease granted for the Ewoyaa Lithium Project in Ghana and what this means for the company. The lease has...

9 minutes ago