South Korea Bans Bitcoin Futures As Authorities Consider Crypto Income Tax

South Koreas Financial Services Commission FSC has announced that Bitcoin futures trading will not be moving forward in the country. &8216Cooling Down The Market&8217 In legislatory warnings Tuesday, the regulator went against the trend gaining speed in the US and Japan and banned futures trading, along with suggesting a tax on virtual currency transactions. The move has already resulted in the cancellation of several informational seminars on futures, local news outlet Korea Herald repo

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