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eToday reported that Bithumb, South Korea’s largest cryptocurrency exchange, has been cleared of all charges related to alleged tax evasion for the year 2017. The decision to drop the charges was announced on June 8, following an intensive audit of Bithumb’s accounting records. The company paid its normal tax bill of $28 million in won in mid-April.
“The Tax Service has conducted a review of the accounting records of the years from the 2014 to 2017 business years. Bithumb has paid the appropriate fees and taxes without objection,” an official from the National Tax Service stated. “Although a very ... (read more)