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South Korea intensifies tax-evasion probe; crypto investment firm under investigation
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ambcrypto.comThe National Tax Service of South Korea is increasing its efforts toward combating tax evasion and is now cracking down on the use of cryptocurrencies for illicit activities. As reported by The Korea Herald, the agency identified more than 2,400 tax evaders who used cryptocurrencies to hide assets worth over 36.6 billion won ($32 million) from the government.
Reportedly, following a thorough investigation of certain individuals caught in the tax evasion scheme, South Korea’s most famous cryptocurrency venture capital (platform) has come under scrutiny.
Hashed, one of South Korea’s high-profile crypto investment firms is currently under investigation by the National Tax Service (NTS) in South Korea. As per the official release, the fourth
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