Seoul government seizes $22M worth of crypto from tax evaders

Cointelegraph

Published Apr 23, 2021 07:19AM ET

Updated Apr 24, 2021 09:40AM ET

The city government of South Korea’s capital Seoul has announced the seizure of cryptocurrencies worth 25 billion won ($22 million) from individuals and company heads.

According to a report by The Korea Times, the confiscated crypto came from people identified as tax delinquents by the city’s tax collection agency.

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