Tax Authority Launches Probe into Virtual Asset Issuers Like Supertree

IconCryptoNewsTerminal Staff14 Jul, 2024

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Tax Authority Launches Probe into Virtual Asset Issuers Like Supertree

Seoul, South Korea — The National Tax Service (NTS) has launched tax audits into several virtual asset issuers, including Supertree. In February, the Seoul Regional Tax Service sent investigators to Supertree's headquarters to gather data for the audit. According to an industry source, about 10 virtual asset issuers are being investigated for similar charges. The NTS is expected to focus on tax evasion and other financial irregularities. The results of the audits will likely have a significant impact on the virtual asset industry in South Korea.

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