KDAC Selected as Custodian Operator for Seized Virtual Assets by Korea’s National Tax Service; Pilot to Launch in June
Source:
www.edaily.co.kr
According to Edaily, Korea’s digital asset custodian KDAC has been selected by the National Tax Service of Korea as the entrusted custodian and operational manager for seized virtual assets, and has signed the relevant entrustment contract. The service is set to commence in June. This marks the first time the Korean government has entrusted virtual assets held by the government to a private-sector professional custodian company.