🔎 The authorities of Jeju City are seizing cryptocurrency from tax debtors:
ℹ️ The tax service of Jeju City in South Korea has started the seizure of cryptocurrency 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 worth 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.
