South Korea begins with the examination of the Bithumb (report) crypto exchange (report)
South Korea begins with the examination of the Bithumb (report) crypto exchange (report)
The National Tax Service (NTS) from South Korea reported reported Bithumb Korea and Bithumb Holdings with a "special tax investigation" to determine whether the cryptocurrency platform has complied with domestic tax laws.
The officials also examined Kang Jong-Hyeon (who is supposedly the actual owner of the stock exchange) and his sister-Kang Ji-yeon.
Tax issues for the local giant
According to a recently published reporting, the 4th investigative office of the SEoul Regional Tax Service will examine whether Bithumb was involved in tax evasion. It is worth noting that this unit only solves special tax cases.
The NTS is allegedly checking Bithumb's tax operations by observing the company's international and local transactions. The authorities will continue to examine the activities of Kang Jong-Hyeon (the hypothetical owner of the company) and his younger sister-Kang Ji-Yeon.
Several sources have indicated that Jong-Hyeon is the largest shareholder in Bithumb. However, in order to remain inconspicuous, he has registered most of his business interests, real estate and numerous vehicles in the name of his siblings. The South Korean press recently indicated that the mysterious man is together with Park Min-Young (one of the most famous local actresses).
The officials carried out a similar tax examination in Bithumb in 2018. At that time they received 80 billion WON (over $ 64 million) of income taxes. as cryptopotato The youngest drama about Bithumb
Park faced several charges for theft of customer funds and manipulation of share prices, while the former CEO of FTX-Sam Bankman-Fried-was reportedly in advanced discussions about the acquisition of the stock exchange.
informed that Lee Jung-Hoon-former chairman of the South Korean cryptocurrency platform-did not violate the law on the difficult punishment of certain economic crimes and not cheated by Kim Byung-Gun by $ 87.5 million). If the court had found him guilty, he could have been in prison for up to eight years.
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