Published on June 9th, 2018 | by bitcoin0
No “Illegal Activity” Found from $28M in Taxes Collected by South Korea from Bithumb
Bithumb ‘Will Not Object’ To Tax Bill
Local media reported on June 8 that Bithumb, which posted revenues of 427 billion won ($ 397 million) in 2017, will pay the bill following an audit from South Korea’s Internal Revenue Service (IRS).
[…] We understand that Bithumb has decided to pay the related taxes without any objection to the imposed tax amount.
Cryptocurrency commentators received the news warmly on social media, noting that Bithumb getting the all-clear from regulators marked a positive step forward for South Korea’s exchange industry.
The National Tax Services announced that after @BithumbOfficial ‘s audit they will be charged ~$ 30mil in taxes.
Images courtesy of BigStockPhoto
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