Data: South Korea has confiscated $106 million in cryptocurrency from tax defaulters since 2021
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最新报道：South Korean tax authorities have confiscated over 140 billion won (US$106 million) in virtual assets, including Bitcoin and Ethereum, from tax defaulters since 2021, highlighting the government's broader use of digital assets to enforce compliance. The National Tax Service (NTS) began seizing cryptocurrencies in 2021 from individuals who claimed they lacked the cash or real estate to pay overdue debts, such as capital gains and inheritance taxes. According to data presented to Democratic Party Rep. Kim Young-jin on September 21st, a total of 14,140 individuals had their assets confiscated between 2021 and 2024. These seizures were made possible by a 2018 Supreme Court ruling recognizing virtual assets as intangible property, similar to stocks or copyrights, and therefore eligible for confiscation.
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