Digital Asset Tax Law Raises Concerns Over Cash Transaction Loopholes

As the implementation of digital asset taxation approaches for next year, concerns have emerged that cash transactions outside exchanges may become a tax loophole. While exchange-based transaction records are submitted to the National Tax Service, transactions involving unregistered currency exchangers make it difficult for authorities to directly verify income without direct detection.

This inability to properly track cash transactions could disrupt accurate tax assessment and damage fairness in taxation among taxpayers, according to reports.