🔔 South Korea National Tax Service Fully Tracks Cryptocurrency Tax Evasion, Including Non-Custodial Wallets Huo Xing Cai Jing reports that, according to market sources, the South Korea National Tax Service has issued a tender to deploy cryptocurrency transaction tracking software from providers such as Chainalysis and TRM Labs. The system aims to monitor cryptocurrency transaction records in real time, trace hidden assets of suspected tax evaders, and combat disguised inheritance, gifting, and offshore tax evasion facilitated through crypto assets. The system can track approximately 70 million crypto assets—including Bitcoin, Ethereum, XRP, and stablecoins—across 45 blockchain layers. It also features “de-mixing” capabilities to identify laundering techniques using mixers and can perform partial identity recognition of non-custodial wallets such as MetaMask and Phantom. This marks the third time since 2024 that the Tax Service has implemented such a solution, with system deployment scheduled for June and official launch set for July. https://t.co/IhOHIBb18d