Regulation· ★★★· neutral·

South Korea's tax agency probes Bithumb's black cards for top traders

  • —228 clients received the cards between February 2024 and September; 73 still use them
  • —Eligibility requires monthly trading volume of at least 100 billion won
  • —Top-tier Signature Black holders get 35 million won per quarter
  • —Bithumb booked the spending as uncapped marketing costs
Why it matters: A tax ruling against the perk scheme could trigger back taxes and tighter scrutiny of marketing practices across Korean exchanges.
Source: 動區 BlockTempo
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