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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Senate Banking Committee Sets May 14 Markup for Comprehensive Crypto Bill
The Senate Banking Committee announced on Friday that it will hold a markup on May 14 to advance sweeping crypto legislation that would regulate the industry comprehensively at the federal level for the first time, according to the committee's announcement.
This markup represents the Senate Banking
CryptoFrontier3h ago
Payward Applies for OCC National Trust Company Charter
Payward, the parent company of Kraken crypto exchange, has applied for a national trust company charter with the Office of the Comptroller of the Currency, according to a statement. The application seeks to establish the Payward National Trust Company (PNTC) to serve institutional clients and
CryptoFrontier4h ago
SEC Chair Atkins Calls for Rulemaking on Onchain Market Structures and Software Applications on Friday
According to The Block, SEC Chair Paul Atkins said on Friday that the agency should conduct notice and comment rulemaking to clarify how its regulatory framework applies to software applications and onchain trading systems. Atkins noted that software applications do not fit neatly into existing SEC
GateNews4h ago
Duke Law Lecturer Argues Trump-Linked World Liberty Financial Issued Unregistered Security
According to Lee Reiners, a lecturing fellow at Duke University and former Federal Reserve Bank of New York examiner, World Liberty Financial's WLFI token may constitute an unregistered security, in a blog post published Friday. Reiners argues that despite World Liberty's claims that WLFI is a
GateNews5h ago
U.S. Senate Reaches Stablecoin Compromise, Boosting Crypto Bill Passage Odds to 60%
According to The Block, Senators Angela Alsobrooks and Thom Tillis reached a compromise on stablecoin rewards last week, clearing the path for a Senate Banking Committee markup hearing as early as next week. The deal prohibits "covered parties" from paying interest or yield on stablecoins held by
GateNews5h ago
BoE's Bailey warns of regulatory 'wrestle' with US over stablecoin standards
Bank of England Governor Andrew Bailey warned Friday that international regulators face a "coming wrestle" with the U.S. government over stablecoin standards, marking a widening transatlantic policy rift as Washington promotes dollar-denominated stablecoins as global payments infrastructure.
CryptoFrontier6h ago