Over $180M has been seized by South Korean authorities to offset unpaid taxes. Could this happen to you? We sure hope not.
After the seizure, Person A reportedly paid the arrears and requested to halt the sale of seized assets. If tax arrears are not paid, South Korean law allows authorities to sell confiscated cryptocurrencies at market value.digital currencies market growing to $45.9 billion
last year. In March, crypto-friendly Yoon Suk-Yeol won the country's presidential elections, and a coin used to mint his signature as a nonfungible token surged by 60% shortly afterward. In addition, both leading candidates released campaign-related NFTs for election support. Yoon has pledged to"overhaul regulations that are far from reality and unreasonable" in South Korea's crypto sector. One of the measures, dating from July, includes postponing a
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