The South Korean National Tax Service believes that Bithumb may have been engaged in tax evasion, an offense punishable by imprisonment or payment of fines.
While insiders at the tax agency claim the probe is related to slush funds and tax evasion, Hashed executives said it’s unlikely since tax regulations were postponed.
The Russian tax agency is concerned with tax evasion through digital currencies, but warned that it can still track evaders as they leave a digital footprint.
The bill is seeking to increase the amount of tax the Israeli government collects from the industry, but several leaders in the space are already up in arms against it.
Two prominent names in the Crypto Crime Cartel were arrested as the long overdue legal reckoning chews through prominent industry companies and individuals at the start of what is set to be a busy 2021.
Bruno Block faces decades behind bars in connection with an unregistered ICO, as well as allegations of secretly self-minting tokens and tax evasion.
The Canadian Revenue Agency has asked Toronto-based coin exchange Coinsquare for the identity of every one of its clients.