Home Guides South Korean Province Gyeonggi Uses Digital Tracking to Collect $4.6M From Crypto Tax Evaders

South Korean Province Gyeonggi Uses Digital Tracking to Collect $4.6M From Crypto Tax Evaders

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South Korean Province Gyeonggi Uses Digital Tracking to Collect $4.6M From Crypto Tax Evaders

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The process involved using the local registration number of violators or delinquents, as they are referred to in South Korea, held by local governments. This revealed the mobile numbers of the violators, which were then used to track the linked accounts on crypto exchanges. The system reduced the previous six-month long process of requesting case-to-case information from crypto exchanges to a mere 15 days.

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