On April 21, Coin World reported, citing DigitalToday, that the Korea National Tax Service issued a tender announcement for “Virtual Asset Tax Evasion Response Transaction Tracking Software.” The service will introduce virtual asset analysis platforms from Chainalysis and TRM Labs to monitor virtual asset transaction records in real time and visualize the transaction flows between specific wallet addresses and exchanges. The tax authority will use this to trace the hidden virtual assets of suspected tax evaders and identify disguised inheritance, gifting, and offshore tax evasion activities involving virtual assets.



The tax authority said the software can track about 70 million types of virtual assets, analyze 45 blockchain networks, and identify “mixers” technology used for money laundering. In addition, the tax authority said it can track non-custodial wallets such as MetaMask and Phantom, to a certain extent identifying wallet ownership and the assets held.
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