South Korea Cracks Down: Crypto Tax Enforcement Moves Beyond Exchanges to Private Residences

South Korea’s National Tax Service (NTS) is taking a significant step forward in cryptocurrency tax enforcement, extending its reach beyond digital exchanges and into private homes. The agency now has authority to seize hardware wallets, hard drives, and other storage devices suspected of holding undeclared crypto holdings offline. This move marks a major shift in the country’s already strict crypto compliance regime.