Crypto Exchange Bithumb Posts $180 Million Loss for 2018
Bithumb, South Korea’s largest cryptocurrency exchange, has posted a net loss of 205.5 billion won ($180 million) for 2018.
Bithumb
South Korea's National Tax Service will withhold tax worth $70 million from the country's largest crypto exchange Bithumb.
Bithumb Global is launching an "exchange-as-a-service" platform through its new namesake blockchain platform.
The South Korea-based exchange is fighting a move by the country's tax authority to withhold over $69 million in tax on foreign cryptocurrency transactions.
A fintech firm's acquisition of Bithumb reportedly hasn't been fully paid for, even after a deadline was extended.
Bithumb will assemble a committee to periodically review its listed cryptocurrencies.
