The South Korean government requires that funds from the sale of virtual assets for purchasing real estate must be reported

ChainCatcher news, according to Digital Asset, the South Korean government has announced a new real estate policy requiring that transactions involving the sale of virtual assets for real estate must be reported to the government. According to the policy announced on September 7, individuals selling virtual assets and using the proceeds to purchase housing must detail this information in their source of funds plan. This measure aims to enhance the transparency of the sources of funds in real estate transactions and prevent illegal funds from flowing into the real estate market.