🚨 Attention! South Korean city of Cheongju plans to confiscate cryptocurrencies from local tax evaders 🇰🇷💰

- Cheongju administration asked 7 cryptocurrency exchanges to investigate the holdings of thousands of tax evaders.

- Platforms such as Upbit and Bithumb must inquire into the assets of 8,520 users who owe at least 1 million won ($750) in local taxes.

- Cryptocurrencies have increasingly been used to hide property in South Korea.

What do you think of this measure? Comment below! 👇