South Korea Tightens Crypto Crackdown: Cold Wallet Seizures Loom

Facing a surge in crypto-related tax evasion, South Korea’s National Tax Service (NTS) is intensifying its campaign to combat illicit activities. The agency now plans to target even cold wallets, previously considered a safe haven for crypto assets. This bold move comes as the NTS seeks to seize both hard drives and cold wallet devices suspected of hiding funds from delinquent taxpayers.