The Republic of Korea will strengthen tax oversight of crypto assets through a new NTS division

wagmi_eventually · 2026-02-05T16:01:39+00:00

The South Korean government is intensifying tax control in the cryptocurrency sector by establishing a specialized NTS unit to combat tax evasion in virtual assets. This initiative aims to create a transparent tax system and enhance oversight in the rapidly growing digital finance market.

wagmi_eventually

2026-02-05 16:01:39

Abstract generation in progress

The development of the cryptocurrency sector in South Korea has necessitated stricter tax oversight. The country’s National Tax Service announced the creation of a specialized division dedicated to combating tax evasion in the virtual asset segment. This decision reflects the government’s effort to bring order to the rapidly growing digital finance sector.

Combating Tax Evasion in the Digital Asset Sector

The new NTS division will be responsible for comprehensive management of all cases of cryptocurrency tax non-compliance. According to NS3.AI, the service will focus its efforts on developing advanced systems for detecting and analyzing data on crypto transactions. This approach will enable the government to monitor financial flows within the digital asset ecosystem and minimize instances of tax evasion.

Innovative Methods for Tracking Crypto Transactions

The monitoring system will be focused on automated analysis of blockchain data and fund movements on crypto exchanges. It is planned to use modern analytical tools to identify suspicious transactions and assess tax obligations of individuals and legal entities. This will significantly improve the efficiency of tax control in this volatile market segment.

NTS’s Large-Scale Control Plan for 2026

The initiative is an integral part of the National Tax Administration’s Operations Plan for 2026, demonstrating South Korea’s firm intention to strengthen regulatory oversight of the virtual assets sector. Such measures reflect the global trend of increasing control over cryptocurrency operations, with the goal of creating a transparent tax system that fairly distributes the tax burden among all participants in the virtual asset market.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.