Regulation· ★★★· neutral·

South Korea's tax agency to create crypto unit and boost evasion tracking

  • —Korea's NTS is creating a virtual-asset management division
  • —It is considering buying tools to trace overseas crypto transactions
  • —Lawmaker flagged kimchi-premium arbitrage, mixing and split transfers
  • —AI detection and OECD CARF data sharing were proposed
Why it matters: Tighter tax scrutiny in Korea raises compliance risks for traders and exchanges handling cross-border transfers and kimchi-premium arbitrage.
Source: Blockmedia
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