The Korea National Tax Service has launched a tender for the procurement of crypto-asset transaction tracking software, with a budget of approximately 1.465 billion won (about $99.5k), aiming to strengthen supervision of tax evasion involving virtual-asset-related activities. The system is expected to support real-time monitoring of on-chain transactions, visualize the flow of funds between addresses and exchanges, and be used to investigate actions such as concealing assets, cross-border tax evasion, and undeclared gifts. This move is seen as part of South Korea’s efforts to enhance regulatory capabilities ahead of the implementation of crypto taxes in 2027. (Cointelegraph)

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