Bithumb probed by South Korean tax officials: Yonhap News Agency
TL;DR The National Tax Service (NTS) of South Korea has reportedly launched a "special tax investigation" into Bithumb Korea and Bithumb Holdings. The tax officials are investigating possible tax evasion by examining domestic and international transactions made by Bithumb Korea, Bithumb Holdings and their affiliates.
The National Tax Service (NTS) of South Korea has reportedly launched a "special tax investigation" into Bithumb Korea and Bithumb Holdings.
On Jan. 10, tax agents raided Bithumb's headquarters in Gangnam-gu, Seoul to investigate if Bithumb complied with tax regulations on cryptocurrency activity, Yonhap News Agency, a major South Korean news agency, first reported.
The tax officials are investigating possible tax evasion by examining domestic and international transactions made by Bithumb Korea, Bithumb Holdings and their affiliates, the report said. The probe is led by the 4th Bureau of Investigation of the Seoul Regional Tax Service, a department within NTS.