South Korean Crypto Traders Dey Push Make Dem Delay Tax Amid Di Rising Caution And Regulatory Wahala
Crypto traders wey dey South Korea dey beg their new government make dem delay or waive di upcoming cryptocurrency tax because plenty concern about wetin regulations fit cause. Almost 49% of investors dey support to put di tax on hold or stop am, showing say dem dey worried about how e go affect di market. Di latest survey come also show say people mind don change: optimism for short-term Bitcoin price gain don dey weaker, only 41.7% dey expect price to go up—down from 51.9% last week—while those wey dey predict price go fall rise reach 33%, more than double. Apart from tax matter, traders dey demand better investor protections (25.9%), more relaxed rules for ICOs and crypto ETFs, support for Security Token Offerings (STOs), and introduction of KRW-pegged stablecoins. Analysts warn say to rush crypto tax fit block market growth and reduce capital inflows. Government future policy decisions go important well-well, fit affect how prices go move short-term and South Korea wider position as one big Asian crypto hub. Crypto traders suppose dey watch regulatory updates close because these changes get strong effect on market wahala and how trading system be.
Bearish
The news dey show say South Korean crypto traders dey get more wahala as dem dey beg make dem delay or exempt the planned crypto tax dem, because dem dey worry about regulatory issues. Market feeling don change well well; people no too sure again say Bitcoin price go rise, and dem dey expect e go drop sharply. These kind regulatory worry, especially the one about tax wey dey come soon, dey make people no too ready to take risk, dey increase market wahala, and dey make traders take more care. For short time, these things fit make Bitcoin price and market activities go down. The matter fit remain bearish till government clear am or give better response about the tax policy. How e go be for long na government action go still determine; but now, market don dey bearish because of the fear of regulatory problems.