South Korea’s National Tax Service (NTS) is stepping up its crackdown on crypto tax evasion, warning that cold wallets may also be searched and seized. The NTS stated it uses blockchain analysis tools to trace on-chain activity and will confiscate hard drives or cold wallets if assets are suspected to be hidden offline. Over the past four years, the agency has seized and liquidated ₩146.1 billion ($108 million) in crypto from 14,140 tax evaders.
Digital Zombies Created
0 Comments