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South Korea To Confiscate Crypto Cold Wallets If Taxes Aren’t Paid

South Korea To Confiscate Crypto Cold Wallets If Taxes Aren’t Paid

South Korea’s tax agency has warned that officers may visit homes to seize offline cryptocurrency holdings — including so-called “cold wallets” — if owners fail to settle unpaid tax bills. According t...

Bitcoinist logoBitcoinist
1 min
South Korea's National Tax Service to seize crypto assets in cold wallets

South Korea's National Tax Service to seize crypto assets in cold wallets

South Korea’s National Tax Service (NTS) warned crypto tax evaders that cold wallets are not beyond its reach. The regulator has vowed to conduct home searches as part of its ongoing crackdown on tax ...

Cryptopolitan logoCryptopolitan
1 min
South Korea shelves capital gains tax reform after investor revolt

South Korea shelves capital gains tax reform after investor revolt

South Korea has abandoned the capital gains tax plan, reducing it from 5 billion won to 1 billion won after facing a backlash from retail investors. Some lawmakers also warned that the plan would risk...

Cryptopolitan logoCryptopolitan
1 min
South Korea Overseas Crypto Assets: Astonishing 46% Surge Fuels Reporting Boom

South Korea Overseas Crypto Assets: Astonishing 46% Surge Fuels Reporting Boom

BitcoinWorld South Korea Overseas Crypto Assets: Astonishing 46% Surge Fuels Reporting Boom South Korea is witnessing an extraordinary financial shift, particularly concerning its overseas financial a...

Bitcoin World logoBitcoin World
1 min