South Korea will share cryptocurrency transaction information with tax authorities in various countries to enhance tax transparency and prevent cross-border tax evasion

ChainCatcher news, the South Korean Ministry of Finance will announce the specific implementation regulations for the Crypto Asset Reporting Framework (CARF) within this month.

This framework will enable the automatic exchange of cryptocurrency transaction information between South Korea and 47 other countries. According to the agreement, local cryptocurrency exchanges in South Korea (such as Upbit, Bithumb, etc.) will report personal information and transaction data of foreign investors to tax authorities in various countries starting in 2026. Countries will obtain their investors' overseas transaction records through the OECD system. Although information sharing will officially start in 2027, transaction records from 2026 will also be included in the sharing scope. The South Korean Ministry of Finance stated that this move aims to enhance tax transparency and prevent cross-border tax evasion, and is not directly related to cryptocurrency taxation policies. Currently, countries like the United States and Germany have begun implementing cryptocurrency taxation, while South Korea's cryptocurrency income tax collection has been postponed until 2027.