South Korea’s National Tax Service (NTS) is expanding its crackdown on tax evasion, warning that even crypto assets stored in cold wallets will be subject to seizure.
According to a report from local news outlet Hankook Ilbo, an NTS official said the agency is prepared to conduct home searches and confiscate hard drives and cold wallet devices if it suspects that tax delinquents are hiding their crypto assets offline.
“We analyze tax delinquents’ coin transaction history through…
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