Bithumb is reportedly under tax investigation by South Korean authorities.
On Jan. 10 tax agents raided the exchange’s headquarters in the country’s capital city Seoul as a part of a compliance investigation. The investigation was carried out by the 4th Bureau of Investigation of the Seoul Regional Tax Service, which specifically investigates “special tax investigations”, as opposed to standard ones.
Previously, Bithumb was under a special tax investigation in 2018 by the NTS, through which it won roughly $64 million in income tax.
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