Compartilhe este artigo
South Korea Seizes $47M Worth of Crypto for Back Taxes: Report
Officials called it the largest "cryptocurrency seizure for back taxes in Korean history."
Por Jamie Crawley
Make us preferred on Google
South Korean officials seized more than 53 billion won (US$47 million) in crypto from 12,000 people accused of tax evasion, the Financial Times reported.
STORY CONTINUES BELOW
Não perca outra história.Inscreva-se na Newsletter Crypto Daybook Americas hoje. Ver Todas as Newsletters
- The seizures are part of a months-long probe, The FT said Wednesday, citing the government for Gyeonggi province that encompasses the greater Seoul area.
- Officials called it the largest "cryptocurrency seizure for back taxes in Korean history."
- Local exchanges that did not collect resident registration numbers of account holders were used to conceal assets, according to the Gyeonggi government.
- Investigators instead used mobile phone numbers to track down the alleged tax evaders. They included a "renowned home-shopping channel show host" who owed over $17,000 in tax and held $440,000 worth of crypto.
- The seizure forms part of a broader crackdown on the crypto industry in South Korea in a bid by the country to tackle fraud and money laundering.
- Crypto exchanges have until September to register with the financial regulator as virtual-asset service providers so the legality of their operations can be determined.
Read more: Banks in South Korea Instructed to Treat Crypto Exchanges as High-Risk Clients
More For You
'We do not do illegal things': Inside a U.S.-sanctioned stablecoin issuer's race to build a crypto giant
Oleg Ogienko, the public face of A7A5, pitched the ruble-pegged stablecoin as a fast-growing trade rail built to move money across borders despite sanctions pressure.
What to know:
- Oleg Ogienko, the public face of ruble-denominated stablecoin issuer A7A5, insists the firm complies fully with Kyrgyz regulations and international anti-money-laundering standards despite extensive U.S. sanctions on its affiliates.
- A7A5, whose issuing entities and reserve bank are sanctioned by the U.S. Treasury, has grown faster than USDT and USDC and aims to handle more than 20 percent of Russia’s trade settlements, primarily serving businesses in Asia, Africa and South America trading with Russian partners.
- Ogienko said that he and his team were developing partnerships with blockchain platforms and exchanges during Consensus in Hong Kong, though declined to name specifics.
Top Stories
