IDEX Lists RocketICO (ROCK)

RocketICO (ROCK) trading on IDEX exchange started on March 28
28 March 2018   2117

IDEX cryptocurrency exchange added RocketICO (ROCK) to its market on March 28. ETH/ROCK pair is available for trading on IDEX.

About RocketICO

RocketICO is the first decentralized startup accelerator built to facilitate easy and flawless interaction between projects, ICO backers and expert community. What is primary different from the existing service providers is that RocketICO is not providing a service of packaging ICOs. It creates a user-friendly platform with many built in tools, attract experts and invite startups and ICO backers so that currently disjointed world of ICOs finds its base.

RocketICORocketICO

ROCK is a utility token that enables its holders to interact on the platform, exchange their expertise and participate in projects.

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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   90

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.