South Korea Plans to Launch Crypto Tax in January Next Year, Overseas Trading and Private Wallet Transfers Still Face Regulatory Blind Spots

Odaily News: Lim Kwang-hyun, Commissioner of the National Tax Service of South Korea, stated during a National Assembly audit that South Korea is preparing to launch cryptocurrency taxation in January next year, but activities such as transfers between private wallets and trading on overseas platforms remain difficult to fully track. Even with the introduction of the Crypto-Asset Reporting Framework (CARF), it will be difficult to cover all transactions; the Bank of Korea also exposed related regulatory blind spots when it previously underwent a National Assembly audit.