
AiCoin|Sep 08, 2025 02:10
[South Korea Requires Disclosure of Fund Sources for Real Estate Purchases Using Virtual Asset Proceeds]
The South Korean government has revised regulations related to real estate transactions, explicitly requiring homebuyers to truthfully disclose the sources of funds obtained through the liquidation of virtual assets in their financing plans. This new regulation, jointly formulated by the Ministry of Finance, the Ministry of Land, Infrastructure and Transport, and other departments, aims to enhance the transparency of real estate transaction funds and prevent illegal funds from entering the market. According to the regulation, proceeds from virtual asset liquidation will be classified as personal funds, and homebuyers must submit relevant supporting documents to complete the transaction.
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