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South Korea revises debt relief rules to include crypto assets – TON BOT

South Korea revises debt relief rules to include crypto assets

South Korea has expanded cryptocurrency disclosure requirements for its debt relief program, including virtual asset holdings in applicant reviews. Debt forgiveness will now be tied more closely to repayment capacity. Applicants must submit virtual asset balance certificates, with debt relief reduced for those with stronger repayment ability. The changes aim to distribute public support more efficiently and prevent unnecessary spending.


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