South Korea plans to launch a crypto asset tracking system by 2025 to combat tax evasion and regulate virtual asset transactions.
South Korea plans to launch a crypto asset tracking system by 2025 to combat tax evasion and regulate virtual asset transactions, appointing Global Technology & Innovation Company (GTIC) to lead the initiative. The system aims to enhance transparency, aligning with global regulatory trends in the EU and US. The National Tax Service anticipates the system will promote fair taxation in the growing virtual asset market.
March 11, 2024
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