South Korea implements AI to track cryptocurrencies and fight tax fraud
21.04.2026
South Korea is taking decisive steps to combat tax evasion related to cryptocurrencies by implementing advanced artificial intelligence (AI)-based tools to track transactions in digital assets. The country's National Tax Service announced the launch of a new system that will more accurately identify suspicious transactions and monitor the flow of funds in cryptocurrency networks.According to official data, the volume of digital asset transactions in South Korea exceeded 52 trillion won in the past year, making the country one of the world's largest cryptocurrency markets. As such, tax authorities are facing increasing difficulties in tracking and analyzing anonymous transactions, which poses risks to tax discipline.The introduction of AI will automate the collection and processing of large data sets, identify anomalies and establish links between market participants. The new system is expected to increase the efficiency of the tax service and reduce the number of tax evasion cases related to the use of cryptocurrencies.IRS officials note that the use of AI will also help detect money laundering schemes and other financial crimes related to digital assets. The system's functionality and integration with international data exchange platforms are planned to be expanded in the coming months.South Korea has demonstrated a commitment to innovative approaches to regulating digital financial markets, which can serve as an example for other countries facing similar challenges.
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