South Korea’s crypto regulations have intensified as the nation commits to the OECD’s Crypto-Asset Reporting Framework (CARF). This framework, set to launch in 2026, mandates detailed reporting of cryptocurrency transactions by Korean exchanges like Upbit and Bithumb. Starting in 2027, these exchanges will exchange transaction data with investor’s home countries, contributing to one of the most expansive global data exchanges for crypto. For South Korean residents trading internationally, this shift involves mandatory reporting of all cryptocurrency trades, regardless of size. This initiative aims to enhance transparency, not immediate taxation. Despite delays in domestic crypto taxation until 2027, CARF strengthens the ability of tax authorities worldwide to track offshore crypto activity and prevent tax evasion. The OECD Global Forum signing last November marked a major milestone, ensuring this system creates yearly data exchange between member countries.