Seoul Seizes Tax Dodgers’ Crypto From Exchanges: Report
The department has seized around 25 billion won ($22 million) in digital assets from 676 of the alleged tax evaders.
Officials called it the largest "cryptocurrency seizure for back taxes in Korean history."
The IRS has outlined different ways that $32.3 million in additional funding will bolster the agency's crypto tax collection efforts.
Most Indian exchanges pay the goods and services tax on their profits and commissions in the absence of clarity from the country's tax authority.
The country is seeking to bolster revenue amid COVID-19.
Crypto traders’ gains will be subject to 20% tax on profits over 2.5 million won (~$2,250) from January 2022.