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South Korea’s Potentially Taxable Crypto Activity Reaches $10.9 Billion, Ranking 11th Globally Ahead of 2027 Tax

South Korea’s Potentially Taxable Crypto Activity Reaches $10.9 Billion, Ranking 11th Globally Ahead of 2027 Tax

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Photo: Chainalysis
Photo: Chainalysis

As South Korea prepares to begin taxing virtual assets in 2027, debate is continuing over tax standards and how to track transaction data. Against that backdrop, the country’s potentially taxable crypto activity is estimated to have reached about $10.9 billion in 2025.

Chainalysis said in its Crypto Tax Report released on Aug. 31 that South Korea’s potentially taxable on-chain activity in 2025 totaled $10.9 billion. That included $2 billion in income, $3.2 billion in trading gains and $5.6 billion in payments. The report analyzed on-chain data from six major blockchains: Bitcoin, Ethereum, Solana, Tron, BNB Smart Chain and Base. Among the…

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