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South Korea will share cryptocurrency trading information with tax authorities in various countries, with the aim of improving tax transparency and preventing cross-border tax evasion

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2025-09-02 01:23:55
On September 2nd, the Ministry of Finance of South Korea will announce the specific implementation regulations of the Automated Information Exchange System for Crypto Assets (CARF) within this month. The system will enable the automatic exchange of cryptocurrency transaction information between South Korea and 47 other countries.
According to the agreement, local cryptocurrency exchanges in South Korea (such as Upbit, Bithumb, etc.) will report the personal information and transaction data of foreign investors to the tax authorities of various countries from 2026. Countries will obtain the overseas transaction records of their own investors through the OECD system. Although the information sharing will be officially launched in 2027, the transaction records in 2026 will also be included in the sharing scope.
South Korea's Ministry of Finance said the move, aimed at improving tax transparency and preventing cross-border tax evasion, is not directly related to the cryptocurrency taxation policy. At present, the United States, Germany and other countries have begun to implement cryptocurrency taxation, while South Korea's cryptocurrency income tax collection has been delayed until 2027.
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