1. Japan’s NTA Officially Rolls Out KSK2 System to Strengthen Detection of Undeclared Crypto Asset Declarations link

Japan’s National Tax Agency officially launched its new-generation core tax system KSK2 on September 24, consolidating previously scattered data and applications for different tax types to strengthen tax information analysis and return verification. Citing tax authority documents, CoinPost reported that annual transaction reports from crypto asset exchanges, bank fund records and overseas tax information exchange data can be used to identify potential omissions in crypto asset transaction filings. Japan’s National Tax Agency confirmed the completion of the KSK2 system update on September 24, though the announcement…