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86 sats \ 3 replies \ @SatAttack 21h \ on: South Korea: cold wallets at risk of seizure for unpaid taxes security
Yeah man. I am curious what the outcome would be if a bitcoiner there had cold storage but zero signing device on him. If there’s nothing to seize what would be the response?
I wondered the same thing. Or they seize the signing device and realize they can't access the coins since there's a passphrase wallet or you had already moved it (and they wouldn't know which)
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I think the threat through the media is enough to get most paying their taxes. The article reads slightly noobish saying stuff like "hiding their coins in cold storage". If it's hidden, how do you know about it? And how can you tell if its in cold storage or a hot wallet?
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