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Korea’s Tax Agency to Withhold $70M From Crypto Exchange Bithumb

Korea’s Tax Agency to Withhold $70M From Crypto Exchange Bithumb – CoinDesk

South Korea’s National Tax Service (NTS) will withhold tax worth 80.3 billion won, or $70 million, from the country’s largest crypto exchange Bithumb. CoinDesk Korea reported on Sunday that Vidente, the largest shareholder of Bithumb Holdings, which runs Bithumb Korea, confirmed the withheld amount in a notice and said the tax will be imposed on its foreign customers.








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