South Korea's government requires that virtual assets be sold for home purchases be reported

According to PANews on September 8, according to Digital Asset, the South Korean government revised its real estate transaction regulations, requiring that when purchasing a house with virtual assets to cash in, it must declare truthfully in the fund raising plan. The new regulations are jointly formulated by the Ministry of Finance, the Ministry of Land, Infrastructure and Transport and other departments, aiming to improve the transparency of transaction funds and prevent illegal funds from flowing into the real estate market. The fund raising plan includes the virtual asset sales funds into its own funds, and proof materials are required to submit relevant transactions.

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