S Korean City of Incheon Seizes $375,000 Worth of Crypto from ‘Tax Dodgers’

Posted by | Jan 4, 2024 | |

Source: JYPIX/Adobe South Korea’s Incheon says it has confiscated $375,000 worth of cryptoassets from “tax-evading” residents who tried to hide their earnings in token wallets. Per the media outlet Newsis, the city collected the combined sum from 298 people. The media outlet noted that the city “confiscated virtual currencies such as Bitcoin (BTC).” Citizens will

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