South Korean city rolls out new system targeting tax evaders

Quick Summary:

Gwacheon city has been confiscating digital assets from tax cheats, seizing $205,000 in the past five years, with over a third seized in 2024.

The post South Korean city rolls out new system targeting tax evaders appeared first on CoinGeek.

The United Kingdom implemented its version of the ‘crypto’ seizure law last April, allowing the National Crime Agency to freeze, seize and destroy any crime-related assets.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaIndiaSouth KoreaUnited Kingdom

Topics: Kang Min-ah Electronic Virtual Asset Seizing System Gwanak Tax Evasion Gwacheon Business Regulation Tax

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 04:00:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 607 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 26111450

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