South Korea is preparing to share detailed trading data from domestic and foreign cryptocurrency exchanges with its national tax authorities to fully implement the OECD's Crypto Asset Reporting Framework (CARF). The new rules will require local platforms such as Upbit and Bithumb to report transactions of non-residents, while overseas platforms will also be required to report transactions of Korean investors to global tax authorities.
The data exchange will be officially launched next year and is scheduled to be fully operational by 2027, with the aim of cracking down on anonymous transactions and overseas tax avoidance.
South Korea Launches Global Cryptocurrency Trading Data Sharing Program
2025-09-02 06:16:48
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