South Korea launches a special agency to oversee cryptocurrency taxation

PerennialLeek · 2026-02-02T11:11:15+00:00

South Korea is intensifying tax controls in the digital asset sector by establishing a specialized unit within the National Tax Service to combat tax evasion in cryptocurrency. This initiative aims to modernize fiscal oversight and align the cryptocurrency sector with international tax standards.

PerennialLeek

2026-02-02 11:11:15

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South Korea is taking decisive steps to strengthen tax oversight in the digital asset sector. The National Tax Service (NTS) announced the creation of a specialized division dedicated to managing all issues related to tax evasion in the cryptocurrency industry. This move reflects the country’s growing need to regulate the rapidly expanding virtual asset market.

New Control and Tracking Mechanisms

According to NS3.AI sources, the newly established division will focus on developing advanced systems for monitoring and analyzing data on crypto transactions. Experts will track fund flows, analyze trading patterns, and identify signs of tax violations. This will enable South Korean authorities to gain a detailed understanding of the scale of cryptocurrency activity and the associated tax obligations.

NTS Development Plan for 2026

The initiative is part of the NTS Annual Operations Plan for 2026, highlighting the government’s serious approach to tax regulation. South Korea positions this measure as part of a comprehensive strategy to modernize fiscal oversight. The creation of a dedicated division demonstrates the country’s readiness to bring the cryptocurrency sector in line with international tax standards and ensure fair competition in the market.

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