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24 October, 2021, 03:00

Korean Government Confiscates $47 Million in Crypto From Tax Evaders

Korean Government Confiscates $47 Million in Crypto From Tax Evaders

  • 26-July-2021

Assessment Agents Target Wealthy Tax Evaders in Greater Seoul Area 

More than 53 billion Korean won ($47 million) in crypto, resources have been seized from 12,000 individuals who supposedly attempted to conceal cash from the public authority. The assets were in bitcoin (BTC), ethereum (ETH), and other cryptographic forms of money, Reuters detailed citing the public authority of Gyeonggi Province encompassing the capital Seoul. 

Several rich Koreans have wound up among the designated charge dodgers. They have been blamed for utilizing nearby crypto trades to hide the resources as the exchanging stages didn't need account holders to give their occupant enrollment numbers. Spec

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