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South Korea requires funds sold from virtual assets to be reported when they are used to buy houses."

According to online reports, according to Digital Asset, the South Korean government has revised its real estate transaction regulations to require that when using virtual assets to realize a house, it must be truthfully declared in the fund raising plan. The new regulations were jointly formulated by the Ministry of Finance, the Ministry of Land, Infrastructure and Transport and other departments to improve the transparency of transaction funds and prevent illegal funds from flowing into the real estate market. The fund-raising plan includes the sales funds of virtual assets into self-owned funds, and supporting materials need to be submitted for relevant transactions.

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