TechFlow News, April 21: According to ZDNet Korea, South Korea’s National Tax Service (NTS) issued a tender notice on April 15 to procure cryptocurrency transaction tracking software from firms including Chainalysis and TRM Labs. The system aims to monitor cryptocurrency transactions in real time, trace hidden assets of tax evasion suspects, and combat disguised inheritance, gifting, and overseas tax evasion involving cryptocurrencies. The platform can track approximately 70 million types of crypto assets—including Bitcoin, Ethereum, XRP, and stablecoins—across 45 blockchain layers. It also features “de-mixing” capabilities to identify “mixer”-based money laundering techniques and offers partial identity identification for non-custodial wallets such as MetaMask and Phantom. This marks the NTS’s third deployment of such a solution since 2024; system construction is scheduled for completion in June, with official operation commencing in July.
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