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Seoul seizes $22M from digital asset exchange accounts over back taxes Business Korean digital asset investors are among the world’s first to feel the sting of tax crackdowns on their gains. The Seoul metropolitan government said this week it had found and even seized such assets from over 600 “tax delinquents” individuals and heads of companies living in the city. The announcement will come as a shock to some digital asset investors, who for years may have assumed governments didn’t understand the technology enough to enforce tax laws. The Seoul government said it had seized assets from accounts at three exchanges worth KRW25 billion (US$22 million) from 676 people, and located assets belonging to a total of 1,566 people with authorities promising to follow up with further seizures soon.

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