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3232Korean Province Seizes Cryptocurrencies From 1,661 Investors for Unpaid Fines
https://www.digit.info/korean-province-seizes-cryptocurrencies-from-1661-investors-for-unpaid-fines/
Mon, 20 Sep 2021 23:46:28 +0000https://www.digit.info/2021/09/20/korean-province-seizes-cryptocurrencies-from-1661-investors-for-unpaid-fines/Read more]]>A South Korean province has seized cryptocurrencies worth over $5 million from 1,661 investors who were more than $12 million in arrears on their fines in total. The seizure followed an investigation of nearly 30,000 companies and individuals as well as their cryptocurrency holdings at four exchanges. Korean Province Confiscates Cryptocurrencies for Unpaid Fines The […]
]]>IRS Will Seize Cryptocurrencies From Investors to Settle Tax Debts, Official Warns
https://www.digit.info/irs-will-seize-cryptocurrencies-from-investors-to-settle-tax-debts-official-warns/
Fri, 14 May 2021 17:00:52 +0000https://www.digit.info/2021/05/14/irs-will-seize-cryptocurrencies-from-investors-to-settle-tax-debts-official-warns/Read more]]>An official of the U.S. Internal Revenue Service (IRS) has clarified that the agency is prepared to seize cryptocurrencies and sell them to satisfy tax collection if taxpayers fail to meet their tax obligations. Robert Wearing, IRS’ deputy associate chief counsel for Procedure & Administration, explained Wednesday that the agency can seize cryptocurrencies from taxpayers, […]