South Korea nets $4.7M fighting crypto tax evasion

In a significant move to clamp down on cryptocurrency tax evasion, South Korea‘s Gyeonggi province has successfully implemented a novel system, the Arbitrator Virtual Asset Tracking Electronic Management System. This innovative approach has led to collection of approximately 6.2 billion won (~$4.7 million) in tax arrears in the past year, marking a substantial achievement in […] source: https://www.cryptopolitan.com/south-korea-nets-4-7m-fighting-crypto-tax/