- Over the past four years, only 127 million won (0.09%) was recovered through actual sales out of 136.2 billion won in virtual assets seized over delinquent local taxes.
- Actual sales remain difficult because of crypto price volatility and the potential for disputes over whether sale prices were appropriate.
- Some local governments, including Seoul, are disposing of seized crypto under their own rules, including immediate sales, underscoring the need to revise related regulations to create a unified standard.
Forecast Trend Report by Period
Cryptocurrency seized over delinquent local taxes in South Korea totaled 136.2 billion won ($98.6 million) over the past four years, but only…
