
South Korea’s Cheongju wants to seize digital currency holdings from tax evaders
Authorities in South Korea aim to recover unpaid taxes by seizing digital currencies from tax evaders in Cheongju via legal measures.
Authorities in South Korea aim to recover unpaid taxes by seizing digital currencies from tax evaders in Cheongju via legal measures.
By including digital currencies as part of the reporting requirements, South Korean lawmakers hope to reduce the illegal acquisition of wealth among public officials.
Kim Nam-kuk, an opposition member of the South Korean National Assembly, is under investigation in connection with allegedly liquidating KRW 6 billion worth of digital currencies.