South Korea seizes crypto from tax ‘delinquents’ – media ...News

Russia Today - Economy
South Korea seizes crypto from tax ‘delinquents’ – media
source : Russia Today ( News ) () 133
Local authorities have reportedly lowered the debt threshold and employed mobile phone tracking to find the digital assets of evaders A city government in South Korea plans to confiscate crypto assets from citizens who owe the equivalent of several hundred dollars or more in taxes, Korean media have reported. This comes as part of a wider crackdown on evaders.  The authorities of the city of Pohang, a large municipal center in the country’s east, will seize and freeze the digital assets of those who owe 500,000 won (about $368.76) or more to the local tax office, according to the daily newspaper Kyongbuk Maeil Shi

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