South Korea to Join Global Crypto Reporting Framework

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South Korea will join the OECD’s Crypto-Asset Reporting Framework (CARF) to share crypto transaction data globally. Starting 2027, foreign investors’ trades on Korean exchanges like Upbit and Bithumb will be reported to other countries. Meanwhile, Korean residents’ crypto trades abroad will be reported to South Korea’s National Tax Service. Data sharing officially begins next year, aiming to boost transparency and improve tax compliance in the growing crypto market. This move aligns South Korea with global crypto regulations.