Tuesday, February 18, 2020
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BitMax.io and Bithumb Korea Announce Strategic Partnership to Enhance Product Platform and Accelerate Global Expansion

Singapore / Feb 17, 2020 – BitMax.io, a Singapore-registered digital asset trading platform with a global footprint, and Bithumb Korea, a South Korean-based cryptocurrency exchange, are pleased to announce a strategic global partnership leveraging their respective market presence and expertise.  Founded by a group of Wall Street quant trading veterans in

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Bithumb May Pour Over $8M Into South Korea’s Regulation-Free Zone

Bithumb, one of the world’s largest cryptocurrency exchanges, could invest more than $8 million into South Korea’s regulatory sandbox. Via its daughter company GCX Alliance, Bithumb has shown intent to put 10 billion won ($8 million) into South Korea’s “regulatory free zone” in Busan, according to reporting from Seoul on

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Major South Korean Crypto Exchange Bithumb Launches R&D Center

South Korean cryptocurrency exchange Bithumb has established its own research and development (R&D) center.According to an announcement on Jan. 6, the initiative makes Bithumb the first company with a blockchain and cryptocurrency research center in South Korea. Bithumb expressed high hopes for the research center’s impact on the company:“Bithumb

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South Korea’s National Tax Service to Take $70M from Crypto Exchange Bithumb

In a shocking turn of events, South Korea’s National Tax Service (NTS) is planning to withhold tax from Bithumb, the largest crypto exchange in the country, on income from foreign clients.This is the first time that the NTS has moved to withhold tax on income obtained from cryptocurrency transactions. There

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Bithumb Crypto Exchange Reportedly Considers Litigating $68.9M Tax Bill

Major South Korean cryptocurrency exchange Bithumb is reportedly looking to undertake administrative litigation over an $68.9 million (80 billion won) tax bill.English-language local news outlet KoreaHerald reported on Dec. 29 that the local tax agency has handed down over 80 billion won in taxation on the exchange.A first occurrence

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Bithumb Quashes Shanghai Office Closure Rumors After Binance Denial

South Korean cryptocurrency exchange Bithumb is denying recent reports that Chinese authorities have raided its Shanghai offices.On Nov. 21, a Bithumb spokesperson informed the Block that the recent rumors of a police raid and closure of the exchange’s Shanghai offices are false and that its one and only Shanghai

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Bithumb Exchange to Launch Cryptocurrency Listing Committee

South Korean crypto exchange Bithumb will launch a new committee in September that will determine which cryptocurrencies can be traded on its platform.A monthly check by expertsSouth Korean news daily Yonhap News reported the formation of Bithumb’s new committee on Aug. 22. The committee, entitled the Listing Eligibility Deliberation

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