Techub News reports that the Korea National Tax Service has announced it has begun preparing a tracking system to tax cryptocurrency investment gains. The project has a budget of 3 billion KRW (approximately $2.02 million USD) and aims to analyze virtual asset transactions and implement corresponding taxation. The system design will commence in April, with a trial operation starting in November, and it is expected to be officially launched between November and December. Starting in 2027, it will be used to collect data on individual virtual asset transactions. The National Tax Service plans to utilize AI and machine learning to analyze and track abnormal transaction types and patterns, and share virtual asset analysis data and lists of suspected violators with agencies such as Korea Customs, the Statistics Korea, and the Bank of Korea. From January next year, virtual asset income exceeding 2.5 million KRW will be subject to a combined tax rate of 22%.

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