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The Korea National Tax Service has initiated a procurement tender for cryptocurrency transaction tracking software, with a budget of approximately 146.5M won (about $99.5k). The goal is to strengthen oversight of tax evasion related to virtual assets. The system is planned to support real-time monitoring of on-chain transactions, visualize fund flows between addresses and exchanges, and be used to investigate hidden assets, cross-border tax evasion, and undeclared gifts. This move is seen as part of South Korea's efforts to enhance regulatory capabilities ahead of the implementation of crypto taxes in 2027. (Cointelegraph)