The South Korean crypto exchange Bithumb has been hit with a double whammy from the South Korean tax and legal authorities – with the exchange made the subject of a “special” tax investigation. And prosecutors have summoned its suspected largest shareholder for questioning.
Chosun reported that the National Tax Service (NTS) has “launched a special tax investigation” into Bithumb Korea and Bithumb Holdings. The two companies operate the Bithumb trading platform.
The investigation is being carried out by a branch of the Bureau of Investigation of the Seoul Regional Tax Service that deals with “special tax investigations.” The media outlet added that the NTS will examine cases of possible tax evasion.
(By Tim Alper)
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