Ansan Seizes Crypto from Tax Evaders: Embracing Blockchain Revolution
South Korea's city of Ansan is making headlines with its decision to confiscate cryptocurrency from residents who fail to pay their local taxes According to Newsis, government officials in Ansan, Gyeonggi Province, announced on August 2 that they would utilize a "virtual asset platform seizure system" to recover unpaid taxes The city plans to implement this platform starting this month Ansan's Initiative to Seize crypto from Tax Delinquents With the domestic crypto market capitalization reaching $31 7 billion last year, Ansan is taking proactive measures to address tax evasion...
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