The post South Korea Expands Crypto Tax Crackdown to Cold Wallets appeared on BitcoinEthereumNews.com.

South Korea’s tax agency intensifies its crypto crackdown, targeting hidden assets in cold wallets, seizing ₩146 billion, and tightening global enforcement. South Korea’s National Tax Service (NTS) is intensifying its crypto tax crackdown significantly. The agency has issued a stern warning to investors. Even storage devices, which are called cold wallets and are used offline, may now be subject to search and seizure. This major change in policy is aimed at wealthy individuals storing digital assets. It represents a new age of tough enforcement. Tracking Digital Fortunes: NTS Targets Hidden Off-Chain Assets The NTS has advanced blockchain analysis tools. These programs will log everything on-chain concerning suspects. Consequently, the authorities can track funds even after their exit from central exchanges. This hi-tech surveillance plays a key role in asset recovery. Related Reading: South Korean Island Targets Crypto Tax Evaders | Live Bitcoin News The agency has been aggressively responding for the past four years. The NTS recovered and seized crypto assets in the amount of KRW146.1 billion. This initiative was aimed at 14,140 tax delinquents across the country. Indeed, this huge amount reveals the extent of past avoidance. Virtual asset investment has been widespread recently. The number of investors has expanded almost tenfold. It leapt from 1.2 million five years back to 10.77 million this year. In addition, the daily trading volume increased to a high of ₩6.4 trillion. This explosive growth is accompanied by an increasing number of cases of tax abuse. The pseudonymity of cryptocurrencies makes them hard to trace. It is more difficult than accounting for conventional assets such as bank deposits or shares. Therefore, the tax authorities are using dedicated monitoring programs. These tools are created to efficiently stop an attempt at asset hiding. South Korea Boosts Crypto Tax Oversight with International Partnerships Centralized exchanges are…

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Filed under: News - @ October 12, 2025 7:05 am