[South Korea's Tax Authority Warns of Potential Seizure of Cold Wallets from Tax Evaders] The South Korean National Tax Service (NTS) stated that if cryptocurrency holders fail to resolve their tax debts, officials may confiscate cold wallets, hard drives, or personal computers during home searches. The NTS noted that blockchain analysis tools can be used to trace on-chain activities and take action if assets are suspected to be hidden. This move is part of efforts to crack down on cryptocurrency tax evasion, with enforcement now extended to citizens delinquent on utility bills and traffic fines.