CoinWorld News, according to Yonhap News Agency, the South Korean government has included virtual assets in the debt relief review process of the "New Start Fund." The fund has been collaborating with South Korea's five major won-market crypto exchanges since January this year, requiring applicants to submit proof of virtual asset balances to assess repayment capacity and adjust the debt relief rate.

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SlippageSamurai
· 3h ago
Debt relief also depends on crypto assets. In the Web3 era, even bankruptcy has to be fully transparent on-chain.
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WhaleTailWitness
· 3h ago
South Korea's move is quite pragmatic: check the balance before determining the reduction rate to prevent people from crying poor while hoarding coins.
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LightsInTheMistyValley
· 3h ago
The New Start Fund has started tracking on-chain wallets. In the future, if you want to take advantage of government benefits, you’ll need to keep your crypto hidden first.
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