In 2023, Gyeonggi Province, the most populous province in South Korea, collected millions of dollars from tax evaders by tracking their crypto assets on several centralized exchanges. According to a by local media Yonhap News Agency, the G Yeonggi Tax Justice Department accrued 6.2 billion won ($4.67 million) in undeclared taxes from evaders. The new management system has reduced the time of the process to approximately 15 days. Authorities use the resident registration num num num.
Source: Mandy Williams, 2024-02-23; https://cryptopotato.com/south-korea-with-a-clever-way-to-collect-crypto-taxes-and-its-paying-off/