Funds generated from liquidating virtual assets and channeled into home purchases approached ₩150 billion (approximately $111.2 million) within roughly five months of the new reporting system taking effect. Since February of this year, South Korea’s Home Acquisition Financing Plan has required digital asset sale proceeds to be itemized separately, allowing the previously opaque flow of “crypto-to-real estate” capital to be captured in official statistics for the first time.

According to data obtained by the office of Rep. Kim Jong-yang of the ruling People Power Party, who serves on the National Assembly’s Land, Infrastructure and Transport Committee, from the Ministry of Land, Infrastructure and Transport, digital asset sale proceeds…