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Regulatory Enforcement - South Korea's National Tax Service is escalating enforcement actions, targeting cold wallets through home searches and hard drive confiscation [1] - The National Tax Service collected $108 million from 14,000 tax evaders over four years [1] - Suspicious transaction reports shattered records in 2025, indicating increased scrutiny [1] Market Dynamics - South Korea's investor base has surged to 11 million, an 800% increase since 2020 [1] - Daily trading volumes in South Korea reach $4.7 billion [1]