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South Korea
South Korean gov has confiscated 260B won in crypto for non-payment of taxes since 2021
According to regional news outlet mk.co.kr, the South Korean government has seized over 260 billion Korean won ($180 million) worth of cryptocurrencies over the past two years due to tax arrears. The country’s politicians enacted regulations allowing for the seizure of digital currencies for tax delinquencies and began enforcing them last year. One individual living …
South Korean gov has confiscated 260B won in crypto for non-payment of taxes since 2021 Läs mer »
South Korean ministry recommends enactment of special Metaverse laws
The Ministry of Science and ICT (MSIT) of South Korea revealed plans to move away from imposing traditional video gaming laws on the Metaverse. Instead, the ministry decided to issue new guidelines for incentivizing the growth of the budding ecosystem. South Korea’s interest in garnering Web3 and the Metaverse ecosystems is evidenced by the $200 …
South Korean ministry recommends enactment of special Metaverse laws Läs mer »
South Korean prosecutors apply to revoke Do Kwon and other Terra employees’ passports
According to local news outlet gynews.kr, the Seoul Southern District Prosecutors’ Office’s Joint Financial Securities Crime Investigation Team says it will be contacting the country’s Ministry of Foreign Affairs to nullify the passports of Terra Luna co-founder Do Kwon and five other project developers. Prosecutors also plan to contact Interpol and escalate the South Korean …
South Korean prosecutors apply to revoke Do Kwon and other Terra employees’ passports Läs mer »