South Korea requires reporting when selling virtual assets for home purchases
2025-09-08 02:15:40
According to a report by Digital Asset, the South Korean government has revised the rules on real estate transactions, requiring that when purchasing a house with virtual assets realisation funds, it must be truthfully declared in the financing plan. The new regulations were jointly formulated by the Ministry of Finance, the Ministry of Land, Infrastructure and Transport and other departments to improve the transparency of transaction funds and prevent illegal funds from flowing into the real estate market. The financing plan includes virtual asset sales funds into the equity fund, and relevant transactions need to submit supporting materials.
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