South Korea's tax agency to track large crypto holders ahead of tax launch
- —Project budget is about KRW 1.38 billion, including digital forensics
- —System will track year-end holdings of top crypto investors
- —Analysis covers mixing, Tor usage and cross-chain transfers across 100+ chains
- —Personal crypto income tax is set to take effect in January
Why it matters: South Korea is building the enforcement infrastructure for crypto taxation despite industry and political calls to delay it.
Source: Bloomingbit