South Korean City Seizes and Sells Crypto for Unpaid Taxes

Quick Summary:

Paju City, in South Korea’s Gyeonggi Province, has announced its first-ever plan to sell cryptocurrencies held by local tax defaulters.

This marks a significant step for local governments nationwide, highlighting the increased focus on using crypto assets to ensure tax compliance.₩124M in Unpaid Crypto Taxes at Risk City officials revealed that 17 individuals with […]

The post South Korean City Seizes and Sells Crypto for Unpaid Taxes appeared first on Coin Edition.

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Article Details

Author / Journalist: Abdulkarim Abdulwahab

Category: Crypto

Markets: IndiaSouth Korea

Topics: Crypto Tax Market News Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 11:30:00 (11 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 131 words

Reading Time: 1 minutes read

Sentences: 48 lines

Sentence Length: 3 words per sentence (average)

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

Copyright Owner: © Coinedition

News ID: 23719531

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 13 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #124

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