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South Korea Joins OECD Crypto Assets Reporting Framework
Today, South Korea has officially committed to joining the Organization for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF). This marks a significant step towards global transparency in cryptocurrency transactions. However, this decision will be implemented from 2027. From 2027, South Korea will begin sharing data on foreign investors’ activities on major local exchanges like Upbit and Bithumb with international tax authorities. Moreover, Korean residents’ overseas crypto trades will be reported to the National Tax Service. Earlier, South Korea is endeavoring to pass a ... (full story)
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