The Korean National Tax Service pilots entrusting seized virtual assets to private custody institutions for the first time.
According to ChainCatcher, citing a report from News1, the Korean National Tax Service is piloting the delegation of seized virtual assets to private crypto custody institutions for safekeeping and management, with the plan to first run on a trial basis until the end of this year.
Major Korean custody institutions including KODA, KDAC, Hecto WalletOne, BDACS, and InfiniteBlock are all preparing to participate. Although the budget for this pilot project is only about $5,800, the industry believes that gaining a "Korean National Tax Service project" reference case carries symbolic significance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Reserve Bank of Australia raises interest rates to 4.6%: Four hikes this year, further increases not ruled out
The Reserve Bank of Australia raised interest rates by 25 basis points to 4.6%, reaching a 15-year high. The rate has increased by a total of 100 basis points this year to curb inflation caused by the Middle East conflict.
High-Yield Attraction: Japan's 40-Year Government Bond Auction Covered 3.1 Times, Strongest Demand Since 2020
Japan's 40-year government bond auction recorded its strongest demand in six years, as high yields attracted investors back to the country's longest-term debt instrument, providing potential relief for fragile global markets.
BlackRock trims GEA Group voting rights to 9.21% from 9.40%
Toyota (TM.US) sales in China dropped by 23% in August, marking the seventh consecutive monthly decline in global sales
Toyota’s sales have declined for the seventh consecutive month.
Crypto prices
More
