Paju City in South Korea warns tax defaulters of crypto asset seizures if debts remain unpaid by November.
South Korea integrates crypto holdings into legal and financial frameworks, targeting tax evaders and reviewing ETF regulations.
For the first time in South Korea, a local government has taken the extraordinary step of directly selling tax defaulters’ crypto holdings on exchanges. Paju, in Gyeonggi Province, has informed seventeen people who together owe around $88,600 in delinquent taxes.
Officials have confiscated their digital assets kept on centralized exchanges (CEXs) and issued a warning: should the taxes not be paid by the end of November, these assets will be sold. Targeting crypto holdings, this project shows a will to reclaim public money and creates a strong precedent for handling tax evasion in the digital era.
South Korea’s Expanding Efforts to Regulate Crypto and Enforce Tax Compliance 
This behavior is not an isolated incident but rather a part of a more extens

Czytaj więcej

We współpracy z: https://www.crypto-news-flash.com/south-korea-targets-tax-evaders-using-cryptocurrency-assets/?utm_source=rss&utm_medium=rss&utm_campaign=south-korea-targets-tax-evaders-using-cryptocurrency-assets