Incheon Metropolitan City in South Korea will trial a unique initiative starting November 1 to seize cryptocurrency assets from residents who neglect to pay water bills exceeding 500,000 won. By cross-referencing unpaid bills with crypto exchange data, the city aims to recover substantial debts and strengthen fiscal sustainability while offering relief options for financially challenged residents.
Continue to read Incheon City to Confiscate Cryptocurrency from Residents with Overdue Water Bills
Incheon Metropolitan City in South Korea will trial a unique initiative starting November 1 to seize cryptocurrency assets from residents who neglect to pay water bills exceeding 500,000 won. By cross-referencing unpaid bills with crypto exchange data, the city aims to recover substantial debts and strengthen fiscal sustainability while offering relief options for financially challenged residents.
Continue to read Incheon City to Confiscate Cryptocurrency from Residents with Overdue Water Bills
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