South Korean city of Cheongju sells seized crypto from tax delinquents

The city of Cheongju in South Korea's North Chungcheong Province has sold cryptocurrency seized from high-value and habitual local tax delinquents, Newsis reported. The city collected 21 million won (around $15,200) by selling the assets of 12 individuals on the South Korean exchange Upbit and is currently selling assets from eight delinquents on Bithumb. This marks the first time the city has completed a sale of such assets since it began seizing them in 2021.