Tag: Bithumb

Following the tax raid on Bithumb, South Korea’s largest cryptocurrency exchange in January 2018, officials from the National Tax Service of South Korea have stated that their tax investigation of Bithumb turned up “no illegal activities such as tax evasion.” The Gangnam Raid A team of over a dozen agents from the Seoul Metropolitan Taxation office raided Bithumb headquarters in Gangnam-gu,…

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South Korea’s largest cryptocurrency exchange, Bithumb has announced in a press release dated May 27, 2018, that it will restrict the accounts of users from 11 “high-risk jurisdictions” preventing them from taking part in digital asset trading as from June 21, 2018. The decision, which comes at a time when Bithumb is already dealing with the fallout from an existing…

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In a major development, Bithumb – one of South Korea’s largest cryptocurrency exchanges – announced its plans to issue a native digital token called Bithumb Coin later in 2018. Bithumb’s ICO Aspirations A local Bithumb subsidiary is developing the token, according to a person with close knowledge of the matter. However, the subsidiary’s details remain unknown. According to reports, the…

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The remittance industry is a massive market worth billions of dollars. Every day, migrant workers from all parts of the globe send money to their families in their home countries via various remittance-focused firms such as Western Union, MoneyGram, and a handful of alternatives. A Powerful Alliance However, more than a few challenges are plaguing this method of money transfer….

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Bithumb has announced that it is starting a new venture that will see the company operating a kiosk business under the brand name Touch B. In this new role, the South Korea-based cryptocurrency exchange will take on the task of installing kiosks in restaurants, cafes, and small eateries. The stand-alone booths installed by Bithumb will enable customers to browse menus…

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The largest South Korean exchange Bithumb announced on August 21 the addition of the privacy-focused altcoin, monero (XMR). The exchange, which commands more than $900 million in volume daily, plans to open up monero deposits on August 23. Koreans have been pushing a lot of volume into cryptocurrency markets recently. The pump of Bitcoin Cash over the weekend of August…

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