BTC-e relaunched

Well-known cryptocurrency exchange is finally launched at wex .nz
16 September 2017   4162

The BTC-e exchange, which was closed in July, restarted on the WEX.nz domain and is already trading.

Design hadn't changed, only new logo appeared.

Wex.nz interface
Wex.nz interface

We are grateful to the ex-users of BTC-E for their patience. We, for our part, spent a lot of energy and energy to create a new trading platform in the shortest possible time. Our platform will operate in accordance with AML / KYC laws and international practices in this field.
 

wex.nz team

The administration of the exchange notes that they have no relation to funds of BTC-E Always Efficient LLP.

In addition to transferred balances, bonus crypto-tokens are calculated for each user in the calculation of 61.79 / 38.21 (%). These tokens will be available for bidding and for use by means of wex-code.

It is also noted that for general security in the first 3-7 working days the site will work in a test mode to check the operation of all the units. The withdrawal of funds will set daily limits (information about them is available in the account profile), in the future they will be increased. After the test period, the site will operate without restrictions.

According to WEX, the exchange signed a cooperation agreement with a network of verified exchange services (agents), which will allow USD / EUR / RUR to enter and withdraw with minimal commissions in a convenient way in different parts of the world.

In addition, WEX is activelly developing areas as investment, trading, arbitration, consulting, mining, ICO, exposing the pyramids.

 

Bithumb Filed Appeal Against Korean Tax Office

Looks like the korean exchange doesn't really want to pay an additional tax worth $67 000 000
16 January 2020   90

The South Korean cryptocurrency exchange Bithumb has filed a complaint against the National Tax Service (NTS) because of the requirement to pay additional taxes for the transactions of its foreign customers.

The company claims that cryptocurrencies do not have an official status in the territory of South Korea, which is why the authorities cannot have sufficient reasons to levy any taxes.

The tax court will have to decide within 90 days whether to retain or withdraw from Bithumb the obligation to pay the $ 69.1 million tax that was assigned to it by NTS in November. The Office declares that the withdrawal of income from accounts in Korean won by foreign residents is a taxable event. It is assumed that the exchange itself had to withhold tax from its foreign customers.

We paid the full amount and have since been preparing for arguments. We believe we will be given a chance to clarify our stance in court.

 

Bithumb

 The ministry has its own position on this issue.

Bitcoin under the current law is not an asset. It is clear and simple. The Ministry of Economy and Finance already made that clear. The NTS pushing ahead with the tax imposition is baseless and groundless, especially since it is still awaiting the ministry opinion on the same matter it sought again.

 

Choi Hwoa-in

Adviser to Financial Supervisory Service

According to the expert, the NTS maneuver is well thought out and aimed at starting to levy a tax on income that is currently not taxable.

We cannot comment on the ongoing matter. We will await the judgment from the Tax Tribunal.

 

NTS

Earlier, Bithumb was ordered to pay an additional $ 67 million in tax.