According to CoinMeta, as reported by digitalasset, the South Korean National Tax Service plans to introduce a digital asset tracking system to analyze asset transfers between individual wallets and overseas exchanges in order to close tax loopholes. The National Tax Service stated that income generated from the transfer or lending of digital assets held by individual wallets and overseas exchanges is still subject to taxation. Digital asset income tax in South Korea will be implemented in 2027, while the United Arab Emirates is expected to exchange transaction information from 2027 after the implementation of CARF in 2028.