South Korea’s Tax Agency Clamps Down on Individuals Hiding Assets Via Crypto


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Confirmed - South Korea to Impose Tax on Cryptocurrency

Confirmed - South Korea to Impose Tax on CryptocurrencySouth Korea’s tax authority is targeting individuals who use cryptocurrency to conceal their assets as a way of evading tax payments. NTS Investigating Tax Offenders Concealing Assets Using Cryptocurrecy  According to the Korea Herald on Monday (Mar. 15, 2021), the National Tax Service (NTS) clamped down on over 2,400 tax offenders who hid their assets

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