The Korea National Tax Service is building a tracking system for cryptocurrency investment income, which will officially start taxing in 2027. The system will analyze transaction data, identify tax evasion behaviors, and is expected to go live within the year, incorporating artificial intelligence technology for abnormal transaction analysis. The tax standard applies a 22% rate to the portion of annual earnings exceeding 2.5 million Korean won.

The operator of Korea's token securities platform PIECE, Bycell Standard, has completed Series A funding of 4 billion KRW, with major investors including Xperix Group and S&S. The new funds will be used for acquiring core assets, recruiting talent, and applying for licensing in the investment sector.

Gate News Announcement: On March 9, the Financial Intelligence Unit (FIU) of South Korea issued a preliminary notice to a certain CEX for suspected violations of the "Specific Financial Transaction Information Act," engaging in transactions with unreported overseas virtual asset service providers, and inadequate KYC procedures. The exchange has been temporarily suspended for "6 months with partial operation." Responsible personnel will be held accountable. This restriction mainly affects the virtual asset withdrawal function for new users. Existing users' KRW and crypto asset deposits, withdrawals, and trading are temporarily unaffected.

The Goyang Branch of the District Court of the Government sentenced former police officer A to 6 years in prison and a fine of 10 billion Korean won for accepting a bribe of 120 million Korean won during a cryptocurrency scam investigation and for embezzling 7.88 million Korean won in false overtime allowances. Legal service personnel B involved in the case was sentenced to 2 years and 6 months in prison, with a 4-year probation.