South Korea’s National Tax Service is spearheading the development of a 'virtual asset integrated management system' by 2025 in response to the surging interest in virtual assets, exemplified by Bitcoin's historic rise to $70,000. With the market resurgence and the approval of Bitcoin spot ETF trading in the US, the need for robust taxation and monitoring systems has become paramount. Partnering with GTIC, the South Korea’s National Tax Service aims to combat illegal transactions like money laundering through a comprehensive platform. This initiative aligns with global efforts towards regulating virtual assets, ensuring transparency, preventing financial crimes, and safeguarding investors.