South Korea's Tax Authority Launches First Pilot to Entrust Seized Crypto Assets to Private Custodians

According to News1, South Korea’s National Tax Service has launched its first pilot program to entrust seized virtual assets to private crypto custodians for safekeeping and management, with plans to run the trial through the end of 2026. Major Korean custodians including KODA, KDAC, Hecto WalletOne, BDACS, and InfiniteBlock are preparing to participate. The pilot project has a budget of approximately $5,800.

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