TLDR:
- South Korea joins the OECD encryption data exchange pact, which requires exchanges to inform the transactions of foreign investors from 2026
- National investors who are negotiated in exchanges abroad will have their records shared with the National Fiscal Service of Korea under the CARF Rules
- Complete data exchange between South Korea and 48 countries will be launched in 2027 to curb the risks of tax evasion on cryptography
- The National Tax Service registered KRW 11.1 billion in cryptographic assets abroad this year, up to KRW 700 billion last year
South Korea has committed To join the new cryptographic asset reports of the OECD. The measure will require exchanges such as UPBIT and Bithumb to start collecting data on foreign investor transactions from next year.
The information will then be shared with the tax authorities in the participating countries from 2027. Korean residents who are negotiated on cryptographic platforms abroad will also see their records directly informed to the National Tax Service. The officials emphasized that the agreement focuses on transparency and is not equivalent to taxes.
Exchanges to inform cryptographic transactions
According local mediaThe Ministry of Economy and Finance confirmed the Plan on September 1.
According to the framework, national exchanges must send personal and commercial details of foreign users to their home tax agencies. Each country will load the data in the OECD system to identify on the high seas Activity of your investors.
The Government will publish detailed regulations through an administrative notice at the end of this month.
Wu Blockchain reported that the agreement was signed in the OECD Global Forum in November last year. The system, known as CARF, was designed to help 48 countries to share virtual asset data annually.
The Ministry said the objective is to establish a standard to exchange information between tax authorities worldwide.
South Korea will join the Crypto-Assset of the OECD (CARF) report frame, sharing foreign investors transactions in local exchanges such as Upbit and Bithumb with other countries, while cryptographic operations abroad of Korean residents will be informed to the National Tax Service. He…
– Wu blockchain (@wublockchain) September 2, 2025
Trade abroad by Koreans to be Monitored
Reports will not only be addressed to foreigners on Korean platforms. Transaction records of Korean residents trade abroad It will also be captured and sent to the National Tax Service.
Currently, only balances above KRW 500 million in foreign accounts require self -report. This covers deposits, values and virtual assets.
National tax service data shows that virtual assets abroad reached KRW 11.1 billion this year. That was KRW 700 billion compared to last year. Under carf, all offices abroad by Coreanos citizens will be informed regardless of value.
The officials described this as a way of strengthening the framework of existing financial accounts reports.
Although taxes on national crypto gains are delayed until 2027, countries such as Germany and the United States already taxes cryptographic investments. The Ministry of Strategy and Finance declared that global agreements guide the exchange of information and must be separated from fiscal policy.
