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South Korean government requires reporting when funds from virtual asset sales are used to purchase a home
2025-09-08 02:20

According to Odaily Planet Daily, the South Korean government has revised its real estate transaction regulations, requiring that funds raised from the sale of virtual assets for home purchases be truthfully declared in the financing plan. The new regulations, jointly formulated by the Ministry of Finance, the Ministry of Land, Infrastructure and Transport, and other departments, aim to increase transparency in transaction funds and prevent illegal funds from flowing into the real estate market. Financing plans will include funds from the sale of virtual assets as owned funds, and supporting documentation will be required for related transactions. (Digital Asset)