KDAC was selected as the entrusted custody operator of seized virtual assets by the National Taxation Agency of Korea and will launch a pilot in June

According to Edaily, South Korea's digital asset custodian KDAC has been selected as the entrusted custody and management operator of the seized virtual assets by the South Korean National Taxation Agency, and has signed an entrusted contract and will start related business in June. This is the first time that the South Korean government has entrusted virtual assets held by the government to a private professional custody company.