The South Korean government has updated its real estate transaction regulations to require the reporting of funds from virtual asset sales used for home purchases. This move, reported by PANews, is part of a broader effort to enhance transparency and prevent illegal capital flows into the real estate market. The new rules, developed by the Ministry of Finance and the Ministry of Land, Infrastructure and Transport, mandate that financing plans must now include proceeds from virtual asset sales as part of owned funds, with supporting documentation required for these transactions.
South Korea Mandates Reporting of Crypto Funds in Real Estate Purchases
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