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South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue Taxes The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approved change in ownership records. Assets held by tax dodgers in the form of digital coins will no longer evade seizure and forfeiture,” said a government official. Korean Government Wants Ability to Seize and Sell Cryptocurrencies of Delinquent Taxpayers South Korea’s finance ministry announced the 2021 Tax Law Amendment Bill Monday, which is part of the government’s annual review of its tax system.

South koreaSouth koreanNational tax serviceCrypto assetsPay overdue taxesGovernment wants abilitySell cryptocurrenciesLaw amendment bill mondayKorea timesPresident moon jae inதெற்கு கொரியாதெற்கு கொரியன்தேசிய வரி சேவைகிரிப்டோ சொத்துக்கள்கொரியா முறைப்ரெஸிடெஂட் நிலா ஜே இல்