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South Korea Goes After Bithumb for One other Tax Evasion Scandal
- Bithumb Holdings comes beneath federal probe for suspected tax evasion.
- The present probe is the second time Bithumb has been topic to a tax investigation.
- Bithumb ranks among the many prime 10 crypto exchanges with a 6.1 ranking.
South Korean tax authorities are trying into the enterprise operations of the dad or mum firm of the Bithumb crypto alternate, Bithumb Holdings, for alleged tax evasion.
In line with Yonhap Information, a neighborhood media report on Tuesday, the Bureau of Investigation of the Seoul Regional Tax Service is investigating alleged tax evasion by Bithumb Korea, Bithumb Holdings, and associates on home and international transactions.
The present probe represents the second time the crypto enterprise has been topic to a tax investigation by the South Korean authorities. In 2018, Bithumb Korea received a multi-million-dollar invoice for again taxes, although the corporate was not discovered responsible of tax evasion within the inquiry of that yr.
Not too long ago, Bithumb Holdings made headlines over a case in opposition to its former chairman, Lee Jung-Hoon, who was acquitted of expenses that he dedicated $100 million in fraud.
In line with studies, South Korean prosecutors have additionally questioned Kang Jong-hyun, one other former chairman at Bithumb, and his youthful sister, Kang Ji-Yeon, over an embezzlement case involving associated corporations.
In line with the mark …
The publish South Korea Goes After Bithumb for One other Tax Evasion Scandal appeared first on Coin Version.
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