According to reports, South Korean crypto investment company Hashed is under tax investigation

According to local media reports, the crypto investment company Hashed is currently under investigation by the South Korean National Tax Service (NTS).

The Fourth Investigation Bureau of the Seoul Local Taxation Bureau, which is responsible for the investigation, is known for its investigations into tax evasion and bribery fundraising. The bribery fund is a pool of funds raised through undisclosed means and reserved for undisclosed purposes.

On December 7, local media Report The exact nature of the investigation is unclear.

An official from the Regional Taxation Bureau told reporters that although they were unable to confirm the exact nature of the investigation, “the rigorous investigation of small businesses without any prior notice has nothing to do with the bribery or tax evasion of the company’s chief executive officer. Rarely.”

The investigation began at the beginning of last month and is expected to end no later than the end of February 2022, just a few days before the Korean presidential election will be held on March 9, 2022.

Hashed is one of the most watched figures in Korea Crypto Investment CompanyIt was founded in 2017 by Simon Seokoon Kim, Ethan Kyuntae Kim, and Ryan Sungho Kim. All three of them are technically listed as CEOs or heads of the company.

Hashed launched its $200 million venture capital fund II on December 1, and a year later it launched its $120 million venture capital fund I. The latest fund will focus on the growth opportunities of Web3.

related: 2021 ends with a question: Will NFT continue to exist?

Hashed’s portfolio includes more than 80 companies, including multiple crypto networks such as Klaytn and Cosmos, DeFi protocols such as MakerDAO and Synthetix, and NFT brands, such as The Sandbox And the axis is infinite.

Throughout 2021, the South Korean government and NTS have been strengthening monitoring of the encryption industry.

However, some good news appeared in One year’s battle Between the legislators-the government Passed a bill On December 3, the taxation of crypto transactions was postponed by one year. When the tax takes effect, that is, in January 2023 instead of 2022, traders will pay 20% of any gains in excess of $2,100.