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South Korea Cracks Down on Cryptocurrency Tax Evasion: 2021

Specifically, South Korea has really taken upwards of $50 Million of Cryptocurrency from 12,000 people that the Korean federal government believe may have devoted tax responsibility rip-offs. The confiscation– the largest cryptocurrency seizure for back tax obligation responsibilities in Korean history– abided with a much more extensive probe right into tax commitment owed by relating to 140,000 people.

Many countries are stressed out worrying tax responsibility rip-offs as well as likewise evasion. Especially, South Korea has really taken upwards of $50 Million of Cryptocurrency from 12,000 people that the Korean federal government believe may have committed tax responsibility rip-offs. The confiscation– the most significant cryptocurrency seizure for back tax obligation responsibilities in Korean history– conformed with a larger probe right into tax responsibility owed by worrying 140,000 people.

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