South Korea Seizes $184M Crypto Assets Of Non-Tax People

South Korean authorities have imposed millions of dollars of sanctions against users who launder money and evade taxes using cryptocurrencies.

While the worldwide awareness and use of cryptocurrencies has increased, states have begun to accelerate their constructive steps on these issues. South Korea, which has come to the fore with sanctions and pressures in recent days, is the last of the users who do not pay their taxes. $184 million confiscated crypto assets.

According to information from local sources 260 billion Korean Won the corresponding amount is only 2021 It represents the amount taken from users who have not paid their taxes since. Information that users do not pay their taxes is revealed as a result of the cooperation of the South Korean government and exchanges.

On the other hand, according to a report shared by Bloomberg, the total amount “smuggled” abroad from South Korea during the past period $7.2 billion reached. It was determined that 82% of the transfers were made in dollars. % of the said international transfers72′It was noticed that the rest was made to Hong Kong and 15% to Japan.

Last month, South Korea $2 billion worth arrested 16 people for their involvement in illegal foreign exchange transactions.

Cryptocurrency earnings expected to be implemented in South Korea last year 20% tax The law on the adoption was last postponed for 2 years and 2025 It was decided to enter into force in

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