South Korea’s Goyang City Seizes Crypto Worth Over $228,000 from Traffic Offenders

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The South Korean city of Goyang has seized cryptoassets worth over $228,000 from residents who failed to pay traffic fines. Per Simin Ilbo , the city, a satellite of Seoul, announced it had taken the coins from crypto wallets belonging to 157 Goyang residents. Goyang Seizes Coins from 157 Citizens The city, in the affluent Gyeonggi Province, is a short commute away from central Seoul. A lake in Goyang, Gyeonggi Province, South Korea. (Source: hyolee2 [CC BY-SA 3.0]) The move is a departure for l...