South Korea’s NTS Seeks Tool to Trace Hidden Crypto Assets
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South Korea’s National Tax Service (NTS) opened a tender for “virtual asset tax evasion response transaction-tracking” software with a budget of 146.5 million won (~$99,500); bids start April 28 and delivery is required within 30 days. The tool would trace hidden holdings, undeclared gifts, offshore transfers, mixers and wallets across 45 blockchain layers, increasing enforcement and compliance pressure on crypto users, DeFi services, DEX/CEX and privacy tooling.
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- NTS opens a tender for software to track virtual asset transactions in tax evasion cases.
- The agency would examine hidden holdings, undeclared gifts, and offshore transfers.
- The system could trace mixers, wallets, and activity across 45 blockchain layers.
South Korea’s National Tax Service has opened a tender for software licenses to trace virtual asset transactions tied to tax evasion cases. The move signals a new enforcement step as the agency prepares to examine hidden crypto holdings and unreported transfers.
A government procurement notice said the contract covers “virtual asset tax evasion response transaction-tracking software licenses.” The budget is set at 146.5 million won, or about $99,500, including value-added tax.
The notice said delivery must be completed within 30 days of signing the contract. Bid submissions would run from April 28 to Apri…
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