News on bitcoin and other crypto currencies, and from South Korea where government bans were being talked about

But, the government there has instead decided to use the interest in trading virtual currencies to increase revenue instead.

  • Government proposes corporate and income taxes on South Korea's cryptocurrency exchanges
  • Current law has all corporations with income of over 20 billion won required to pay 22% corporate and 2.2% local income taxes

As exchanges grow (and grow their income) the government is eying a new source of revenue

While we're at it ... update: