🔎 The authorities of Jeju City are seizing cryptocurrencies from tax debtors:

ℹ️ The tax service of Jeju City in South Korea has begun the seizure of cryptocurrencies from 49 citizens suspected of tax evasion. As part of the operation, 2962 debtors with a total debt of $14.2 million were checked, and the identified cryptocurrency holders were found to have assets totaling over $166,000. Authorities are using AI to analyze crypto transactions and are working with major local exchanges (Bithumb, Upbit, Coinone, Korbit) to confiscate funds to settle tax debts.

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