Tax evasion is found in every countries, including South Korea. Recently, officials of the country just seized over 50 billion Won from 12,000 Crypto traders, all of whom are accused of tax evasion. This is considered to be the largest Crypto seizure of the country.
The reason behind the whole thing, is that some platforms didn’t collect citizen ID numbers from users, allowing users to conceal the amounts of their real income. However, officials were successfully managed to track down these traders by their phone numbers instead.
Moreover, officials also tell all unregistered platforms to register legally as virtual-asset service providers within this coming September.