The South Korea-based cryptocurrency exchange Bithumb is under a “special tax investigation” by the country’s National Tax Service (NTS), according to local reports.
On Jan. 10, tax agents raided the exchange’s headquarters in the country’s capital city Seoul as a part of a compliance investigation. Authorities are verifying the possibility of tax evasion by examining domestic and international transactions of Bithumb Korea, Bithumb Holdings and its affiliates.