TechFlow reported, citing Cointelegraph, that South Korea's National Tax Service (NTS) announced 1,432 individuals and businesses reported overseas cryptocurrency accounts this year. The total amount of reported cryptocurrency assets reached $98 million, accounting for over 70% of all reported overseas assets.
According to official data, a total of 5,419 entities reported their overseas financial accounts, holding assets including cryptocurrencies, stocks, and deposits amounting to $140 million in total.
The NTS stated that tax authorities are planning strict reviews of those who have not reported their overseas financial accounts.
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