**[Data: South Korea Has Seized $106 Million in Cryptocurrency from Tax Evaders Since 2021]** According to a report by Jinse Finance, since 2021, South Korea's tax authorities have seized over 140 billion won ($106 million) worth of virtual assets, including Bitcoin and Ethereum, from tax evaders. This highlights the government's increasing use of digital assets to enforce compliance. The National Tax Service (NTS) of South Korea began confiscating cryptocurrencies in 2021 from individuals who claimed to have no cash or property to pay overdue taxes, such as capital gains tax and inheritance tax. Data submitted on September 21 to Democratic Party lawmaker Kim Young-jin shows that a total of 14,140 individuals had their assets seized between 2021 and 2024. These seizures were made possible by a 2018 Supreme Court ruling, which recognized virtual assets as intangible property, similar to stocks or copyrights, and therefore subject to confiscation.