South Korea's National Tax Service to Pilot Virtual Asset Custody

South Korea's National Tax Service is set to pilot a program involving the custody of seized virtual assets by private crypto custodians. According to Foresight News, the tender for this initiative was announced on April 29, with a bidding deadline of May 12. The trial is expected to run until the end of this year. Major South Korean custodians such as KODA, KDAC, Hecto WalletOne, BDACS, and InfiniteBlock are preparing to participate. Despite the project's budget being approximately $5,800, industry experts view securing a reference case with the National Tax Service as symbolically significant.