Bithumb goes for Olympic gold; India crypto tax questions
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Welcome to The Daily BitcoinLinux, February 8, 2022, presented by Angie Lau. On today’s show: First up, Japanese megabank Mitsubishi UFJ to take advantage of stablecoin law. Korea’s Bithumb gets in…
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Bithumb redesigned its subsidiary to concentrate on investing. The company is planning an initial public offering in 2025. Bithumb, a South Korean cryptocurrency exchange, has officially changed the name of its subsidiary Bithumb Meta to Bithumb Partners. The firm is shifting its primary focus from NFT and metaverse-related projects to…
Bithumb exchange’s former chairman, Kang Jong-hyun has been arrested by Korean authorities for suspected embezzlement charges. On Jan. 25, the Seoul Southern District Court issued an arrest warrant for the 41-year-old Bithumb owner on multiple charges concerning fraudulent transactions, breach of trust, market manipulation, and dereliction of duty. According to…
Seoul police book Bithumb CEO Lee Jae-won on bribery charges tied to a job favor for a South Korean lawmaker’s son. Seoul police have booked Bithumb CEO Lee Jae-won as a bribery suspect. The Seoul Metropolitan Police Agency’s Public Crime Investigation Unit is leading the probe. Investigators allege Lee hired…