South Korea Goes After Bithumb for But any other Tax Evasion Scandal

South Korea Goes After Bithumb for But any other Tax Evasion Scandal

South Korea Goes After Bithumb for But any other Tax Evasion Scandal
  • Bithumb Holdings comes under federal probe for suspected tax evasion.
  • The most modern probe is the 2d time Bithumb has been field to a tax investigation.
  • Bithumb ranks amongst the head 10 crypto exchanges with a 6.1 rating.

South Korean tax authorities are having a search into the change operations of the dad or mum firm of the Bithumb crypto change, Bithumb Holdings, for alleged tax evasion.

Per Yonhap News, a neighborhood media file on Tuesday, the Bureau of Investigation of the Seoul Regional Tax Service is investigating alleged tax evasion by Bithumb Korea, Bithumb Holdings, and affiliates on domestic and international transactions.

The most modern probe represents the 2d time the crypto mission has been field to a tax investigation by the South Korean govt. In 2018, Bithumb Korea purchased a multi-million-buck bill for motivate taxes, although the firm became once now not found guilty of tax evasion in the inquiry of that twelve months.

Recently, Bithumb Holdings made headlines over a case against its faded chairman, Lee Jung-Hoon, who became once acquitted of costs that he committed $100 million in fraud.

Per reviews, South Korean prosecutors maintain also questioned Kang Jong-hyun, one other faded chairman at Bithumb, and his younger sister, Kang Ji-Yeon, over an embezzlement case interesting associated companies.

Per the tag …

The post South Korea Goes After Bithumb for But any other Tax Evasion Scandal appeared first on Coin Model.

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