South Korea's National Tax Service Candidate Proposes Crypto Tax Reform

Ren Guangxuan emphasizes the need to rectify virtual asset transaction record systems to counteract tax evasion amid rising digital transactions.

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Summary

Ren Guangxuan, candidate for South Korea's National Tax Service Director-General, stated at a National Assembly hearing that measures will be taken to rectify the virtual asset transaction record collection system to combat tax evasion. This initiative underscores the government's focus on improving tax compliance in the evolving digital asset landscape.

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