Lykke Lists Peculium (PCL)

Peculium (PCL) trading on Lykke started on March 29
29 March 2018   2304

Lykke cryptocurrency exchange added Peculium (PCL) to its market on March 29. 

About Peculium

Peculium is the first crypto-savings platform that combines traditional savings, blockchain technology, cryptocurrency, and artificial intelligence. Peculium allows you to invest and grow traditional savings in cryptocurrency based projects.

PeculiumPeculium

AIEVE is Peculium’s own Artificial Intelligence engine powered by Automated Machine Learning (AML). AIEVE analyzes these massive data-streams in near-real time to predict the best investment opportunities in cryptocurrency markets and ICOs.

PCL chartsPCL charts

Price at the moment of press: $0,002
24h volume: $14 680

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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.