PANews
PANews|Apr 21, 2026 07:03
The South Korean National Tax Agency will track non custodial wallets to combat tax evasion According to DigitalToday, the South Korean National Tax Agency has issued a tender notice for a "virtual asset tax evasion response transaction tracking software", introducing Chainalysis and TRM Labs' virtual asset analysis platform to monitor virtual asset transaction records in real time and visualize the transaction flow between specific wallet addresses and exchanges. The National Taxation Bureau will use this to track the hidden virtual assets of tax evasion suspects and identify disguised inheritance, gift giving, and overseas tax evasion activities that use virtual assets. The National Taxation Office stated that the software can track approximately 70 million virtual assets, analyze 45 blockchain networks, and identify "coin mixing" technologies used for money laundering. In addition, the National Taxation Office stated that it can track non custodial wallets such as MetaMask and Phantom, which to some extent can identify wallet ownership and held assets.
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