Bithumb Crypto Exchange Decides to Take Legal Action on $68.9M Tax Bill

Major South Korean crypto exchange BitHumb considers administrative litigation over a $68.9 million tax bill. The outlet notes that according to documents provided by Bithumb largest, the National Tax Service forced the exchange to pay the withholding taxes on trading activities of foreign customers. However, such taxation is not yet been imposed on the cryptocurrency trading industry thus Bithumb plans to fail lawsuits to avoid paying the bill.

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