South Korean regulators goal Bithumb in new probe


The South Korea-based cryptocurrency alternate Bithumb is below a “particular tax investigation” by the nation’s Nationwide Tax Service (NTS), in line with native stories.

On Jan. 10 tax brokers raided the alternate’s headquarters within the nation’s capital metropolis Seoul as part of a compliance investigation. The investigation was carried out by the 4th Bureau of Investigation of the Seoul Regional Tax Service, which particularly investigates “particular tax investigations”, versus customary ones.

Beforehand, Bithumb was below a particular tax investigation in 2018 by the NTS, via which it gained roughly $64 million in earnings tax.

This story is growing and new particulars will probably be added as extra info turns into accessible.


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