South Korea's National Revenue Agency comprehensively tracks cryptocurrency tax evasion, non-custodial wallets are also under surveillance

According to market news, the South Korean National Taxation Agency issued a tender notice, planning to introduce crypto asset transaction tracking software from Chainalysis, TRMLabs and other institutions to monitor cryptocurrency transaction records in real time, track the hidden assets of tax evasion suspects, and crack down on disguised inheritance using crypto assets., gifts and overseas tax evasion. The system can track approximately 70 million types of cryptographic assets such as Bitcoin, Ethereum, XRP, and stablecoins, covering 45 blockchain layers. It also has the "de-mixing" ability to identify "money mixer" money laundering technology, and can Conduct a certain degree of identification for non-managed wallets such as MetaMask and Phantom. This is the third time that the State Administration of Taxation has introduced related solutions since 2024. It is planned to complete the system construction in June and be officially put into use in July.