The South Korean National Tax Agency is developing an AI system to track encrypted transactions, expected to be completed by the end of 2026

According to Cryptopolitan, the South Korean National Tax Agency is developing an AI system worth approximately $2.2 million to track cryptocurrency transactions and combat tax evasion, expected to be completed by the end of 2026. The system will integrate exchange records and blockchain data to identify suspicious transactions such as money laundering, undeclared gifts, and offshore tax evasion, and expand to non custodial wallets. The National Taxation Bureau is coordinating details with five major exchanges including Upbit and Bithumb, and the final tax guidelines are expected to be released by the end of 2026. According to a survey by the Financial Services Commission of South Korea, the country's cryptocurrency investors have exceeded 11 million, but the account growth rate has decreased from 25% in the first half of 2024 to 3% in the second half.