Japan's tax agency launches KSK2 system with AI analysis of crypto trades
- —KSK2 went live on Sept. 24, replacing the KSK system in use for about 25 years
- —Individual and corporate data are unified via My Number and corporate IDs
- —AI cross-checks exchange reports, bank records and CRS data on crypto trades
- —The agency also monitors social media posts about crypto profits
Why it matters: Japanese crypto investors face tighter scrutiny of tax filings, raising the risk of back taxes and penalties.
Source: CoinPost
More on this
Regulation · Sep 15Japan's New Economic Federation Seeks Flat 20% Crypto Tax, Including Peer-to-Peer Trades
Regulation · Sep 15South Korea's tax agency: off-exchange cash deals will remain outside crypto taxation
Regulation · Sep 15Bulgaria grants tax agency full access to crypto user data