Paju city officials in South Korea target citizens with unpaid taxes, threatening to seize and sell their crypto assets if debts are not cleared by the end of November.
Authorities in the South Korean city of Paju, located in the country’s Gyeonggi Province, have announced plans to seize and sell the cryptocurrency holdings of citizens with unpaid taxes.
On Nov. 18, local media outlet Yonhap News reported that Paju city officials had sent notices to 17 people with unpaid taxes of 124 million Korean won, worth around $88,600.
The city has warned these taxpayers that their crypto assets on exchanges will be confiscated and sold if the debts are not settled by the end of November.
