Digital Currency / Law
Add as a preferred source on GoogleDeputy Commissioner Park Hae-young said the spending may fit a business-promotion category. She said confirmed tax evasion would prompt a strict investigation.
A possible limit on deductible expenses has put Bithumb’s prepaid-card spending under scrutiny after a South Korean tax official questioned how the costs should be classified.
Park Hae-young, deputy commissioner of the National Tax Service (NTS), said Thursday, Oct. 22, that business-promotion treatment may apply to Bithumb’s prepaid-card spending.
Park said confirmation of tax evasion would prompt a strict NTS investigation.
XRP had the highest positive annualized rate at 10.9%, while Ether’s rate was -0.3% on the same basis.
CoinGecko and exchange spot data showed LINK at $11.65 as of 08:41 UTC Saturday, below the $11.86 support level cited in an Oct. 16 market setup.
XRPSCAN labels the series as XRP (XRP) payment volume from one account to another, but it does not show whether transfers were purchases or sales.
