South Korea Seeks Software to Trace Crypto Transactions for Tax Enforcement

South Korea's National Tax Service has announced a tender worth 146.5 million won for software licenses aimed at tracing virtual asset transactions to enforce tax regulations. According to NS3.AI, the procurement notice specifies that the software must be delivered within 30 days of the contract signing. Bids are to be submitted between April 28 and April 30, with evaluations scheduled for May 7. This initiative is part of a broader effort to implement an AI-based monitoring system in preparation for the country's planned crypto tax rollout in 2027.