South Korea's Tax Authority Launches First Crypto Asset Custody Pilot on April 29

According to News1, South Korea’s National Tax Service launched its first pilot program on April 29 to entrust private crypto custodians with managing seized virtual assets. The bidding deadline is May 12, with the trial running through year-end. Major Korean custodians including KODA, KDAC, Hecto WalletOne, BDACS, and InfiniteBlock are preparing to participate. The pilot project budget is approximately $5,800.

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