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The Paju municipal government in Gyeonggi Province, South Korea, has announced plans to seize and sell cryptocurrencies held by citizens who owe taxes. On November 18, local media Yonhap reported that Paju city officials have issued notices to 17 people with a total of 124 million won, or about $88,600. The city warned these taxpayers that their crypto assets on the exchange will be confiscated and sold if their debts are not paid by the end of November.
According to the official Weibo of the Guangdong Provincial Commission for Discipline Inspection and Supervision, Huang Min, a former member of the Standing Committee of the Shenzhen Municipal Committee and a former deputy mayor of the municipal government, was expelled from the party and public office for serious violations of discipline and law.
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