South Korean regulators go after Bithumb in new investigation

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

On January 10, tax brokers raided the trade home’s headquarters in Seoul, the nation’s capital, as a part of a compliance investigation.. The investigation was carried out by the 4th Investigative Bureau of the Seoul Regional Tax Service, which particularly investigates “particular tax investigations,” versus regular ones.

Beforehand, Bithumb was underneath a particular tax investigation in 2018 by the NTS, by way of which it earned roughly $64 million in revenue taxes.

This story is in growth and new particulars can be added as extra data turns into accessible.

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