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The submit Cheongju Authorities to Seize Cryptocurrency Belongings of Tax Delinquent Residents! appeared first on Coinpedia Fintech Information
Town of Cheongju in South Korea is planning to grab the cryptocurrency holdings of native tax evaders. The authorities are calling in buying and selling platforms equivalent to Upbit and Bithumb to look into the crypto property of round 8,500 customers who owe a minimum of KRW 1 million ($750) in native taxes. The transfer has been triggered by issues that cryptocurrencies are getting used to cover property from the tax authorities. This newest marketing campaign is aimed toward holding South Korean residents accountable for tax avoidance.
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