The Korean National Tax Service will track non-custodial wallets to combat tax evasion.

CoinFeed reported on April 21 that, according to DigitalToday, the Korean National Tax Service has issued a tender notice for "Virtual Asset Tax Evasion Response Transaction Tracking Software," introducing virtual asset analysis platforms from Chainalysis and TRM Labs. This software will monitor virtual asset transaction records in real time and visualize transaction flows between specific wallet addresses and exchanges. The National Tax Service will use this software to track the hidden virtual assets of suspected tax evaders and identify disguised inheritance, gifts, and offshore tax evasion using virtual assets. The National Tax Service stated that the software can track approximately 70 million virtual assets, analyze 45 blockchain networks, and identify "coin mixer" technology used for money laundering. Furthermore, the National Tax Service claims it can track non-custodial wallets such as MetaMask and Phantom, and to a certain extent identify wallet ownership and held assets.