A South Korean town near Seoul has been successfully operating a pilot program that allows police to seize crypto from the exchange accounts of individuals with delinquent traffic fines.
Gunpo, a city of about 275,000 in the northwestern Gyeonggi province, was selected by the national government to execute the pilot program in 2022. A Tuesday report from the JoongBoo Ilbo news outlet stated was a way to collect delinquent funds in an “untact,” or contactless fashion.