Right, so South Korea has decided to crash the global crypto party. They’re officially joining the OECD’s Crypto-Asset Reporting Framework (CARF), which means your mysterious, international crypto dealings are about to get as secretive as your neighbor’s Tinder profile.
Starting in 2027 (just enough time for everyone to absolutely forget about it), if you’re a foreign investor trading on Korean exchanges-think Upbit, Bithumb, or literally anywhere you pretend you’re Satoshi Nakamoto-they’ll snitch to your home country. Not ominous at all.
And-and this really hammers it home-if you’re Korean and secretly trading Bitcoin on a tropical beach somewhere, well, say hi to the National Tax Service. They’ll know. It’s like Santa Claus, but with spreadsheets.🎅💻
Data sharing kicks off next year. There’s a noble goal: “transparency” and “tax compliance.” (Biggest plot twist since season 2 of Fleabag, frankly.) Global crypto regulations are coming for you, and South Korea’s just turned on the group chat notifications. 📲
At least someone’s keeping receipts. I’d start practicing your poker face.
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2025-09-02 09:21