Bitbns Lists Qlink (QLC)

Qlink (QLC) trading on Bitbns starts on March 30
30 March 2018   2574

Bitbns cryptocurrency exchange added Qlink (QLC) to its market on March 30. 

About Qlink (QLC)

Qlink aims to build world’s first decentralised mobile network coverage, reduce the cost of telecom infrastructures and reward users for sharing unused network assets. By utilizing blockchain technology, Qlink applies digital identities to telecoms assets, repackage those assets and records the usage footprint of each assets to a distributed ledger.

QlinkQlink

Qlink also aims to launch applications designed to allow p2p sharing assets including WiFi, mobile data access and E2P SMS. While improving the efficiency of existing network, Qlink plans to launch its custom base station, including a model suitable for vehicle installation. By utilizing the ideal resources of the network equipment, these base stations will allow users to become part of the crypto economy and at the same time create a decentralised solution to cover network black spots.

QLC chartsQLC charts

Price at the moment of press: $0,1
Market cap: $37 245 600

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All the information regarding new tokens and coins which are hitting the markets and exchanges in 2018 you can see in our calendar.

Bithumb Filed Appeal Against Korean Tax Office

Looks like the korean exchange doesn't really want to pay an additional tax worth $67 000 000
16 January 2020   124

The South Korean cryptocurrency exchange Bithumb has filed a complaint against the National Tax Service (NTS) because of the requirement to pay additional taxes for the transactions of its foreign customers.

The company claims that cryptocurrencies do not have an official status in the territory of South Korea, which is why the authorities cannot have sufficient reasons to levy any taxes.

The tax court will have to decide within 90 days whether to retain or withdraw from Bithumb the obligation to pay the $ 69.1 million tax that was assigned to it by NTS in November. The Office declares that the withdrawal of income from accounts in Korean won by foreign residents is a taxable event. It is assumed that the exchange itself had to withhold tax from its foreign customers.

We paid the full amount and have since been preparing for arguments. We believe we will be given a chance to clarify our stance in court.

 

Bithumb

 The ministry has its own position on this issue.

Bitcoin under the current law is not an asset. It is clear and simple. The Ministry of Economy and Finance already made that clear. The NTS pushing ahead with the tax imposition is baseless and groundless, especially since it is still awaiting the ministry opinion on the same matter it sought again.

 

Choi Hwoa-in

Adviser to Financial Supervisory Service

According to the expert, the NTS maneuver is well thought out and aimed at starting to levy a tax on income that is currently not taxable.

We cannot comment on the ongoing matter. We will await the judgment from the Tax Tribunal.

 

NTS

Earlier, Bithumb was ordered to pay an additional $ 67 million in tax.