Groestlcoin to Issue New Wallet and Development Updates

Groestlcoin makes major development release every 3 months, and the newest update is due to occur on March 22, 2018
14 March 2018   841

Groestlcoin is a cryptocurrency which was launched on March 22, 2014 with a focus on technological advancement. Groestlcoin is SEGWIT and Lightning Network ready, and aims to be a fast and secure coin with almost zero fees, that is privacy oriented.

Groestlcoin makes major development release every 3 months, and the newest update is due to occur on March 22, 2018. Generally speaking, March 22 is going to a great day for Groestlcoin cryptocurrency as it is marked by the coin's 4th anniversary.

Groestlcoin development update release countdownGroestlcoin development release countdown at the moment of press

Due to that, several major events are planned for March 22:

  • Development release
  • Community release
  • 3rd party wallet
  • New exchanges

Moreover, in order to mark the anniversary, Groestlcoin will be giving away 400 GRS to 1 lucky winner and 40 GRS to another 10 community members, so 800 GRS in total will be distributed.

At the moment of press, these are main market parameters of Groestlcoin:

Average price: $0,595958
Marketcap: $41 490 166
24h volume: $4 280 310

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   97

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.