🚨BREAKING: 🇰🇷 South Korea Builds AI System To Track Crypto Trades And Enforce Its 20% Capital Gains Tax From 2027.
GOVERNMENT AI NOW WATCHING EVERY TRADE 👁📊
South Korea's National Tax Service (NTS) has initiated a tender to develop an AI-powered system for analyzing cryptocurrency transactions. This aims to detect unusual patterns, identify profits, and prevent tax evasion ahead of the scheduled implementation.
South Korea plans to impose a 22% tax (20% income tax plus 2% local surcharge) on annual virtual asset gains exceeding 2.5 million won (about $1,700) starting January 2027. The system, budgeted at around 3 billion won ($2 million), is set for design in April 2026, pilot in November, and full operation by late 2026 to support data collection from 2027 onward.
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