CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Coin Edition 2024-08-22 13:33:38

Bithumb Korea Wins Tax Dispute, Virtual Assets Not ‘Inventory’

South Korean crypto exchange Bithumb Korea has secured a key legal victory against the country’s tax authorities. A high court ruled that Bithumb’s virtual assets are not to be classified as inventory, offering much-needed clarity to the digital asset industry. The dispute stemmed from Bithumb’s change in its virtual asset valuation method between 2014 and The post Bithumb Korea Wins Tax Dispute, Virtual Assets Not ‘Inventory’ appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.