South Korea’s National Tax Service has said it will introduce commercial crypto tracing software used by domestic and overseas investigative agencies as it prepares to tax income generated through private wallets from 2027.
Summary
- South Korea’s National Tax Service plans to use commercial tracing software to track digital asset movements between private wallets ahead of the 2027 crypto tax rollout.
- The tax agency acknowledged that identifying all unreported private wallet transactions remains difficult because taxpayers directly control the assets.
- Crypto income generated through private wallets and overseas exchanges will be taxable, with qualifying gains subject to a…
