Over 400 South Korea officials reveal $ 9.8m in CRIPTO Holdings

South Korea’s ethics revealed that high public officials in the country are on average 35.1 million won ($ 24,000) in crypt.
27. Marta, is allegedly a commission of country ethics for government officials discovered That more than 20% of public officials have 14.4 billion ($ 9.8 million) in crypt. This means 411 out of 2,047 officials who have undergone the requirements for the disclosure of the Earth, hold the crypto funds.
The largest amount was revealed 1.76 billion profits ($ 1.2 million) belonging to Seoul City Buignor Kim Hie-Young.
Officials held a variety of crypto funds including bitcoin (Btc), Ether (El), XRP (XRP), Dogecoin (Exaggerate) Luna Classic (Lunc) and others.
South Korean civil servants found crypto
The detection of civil servants is monitoring calls for transparency from its prime minister.
In 2023. year, South Korean Prime Minister Han Deok-Soo said in a press conference that high government officials must contain crypto in their property abroad. Officially announced that crypto should be treated similarly to other property such as precious metals.
25. May 2023 South Korea passed the bill Mandating public officials to include crypto in their disclosure of public funds. The new system has allocated access to the South Korean access to the CRIPTO Holdings of at least 5,800 public servants starting from 2024. years.
In June 2024. CRIPTO exchange in the country has launched information systems to simplify the registration of information about the CRIPTO Holdings.
Related: South Korea temporarily raises the upbit’s quarterly ban to serve new clients
Controversial Legislation Completely Laws of Equiforn Crypto
The new law was created in response to controversy involving South Korean legislator to Kim Nam-Kuk, which is charged with Liquidating crypto means and covering up investment of about $ 4.5 million before lawmaker in the country has applied financial action forces (FATF) “FATF trips”. “
Kim went from the Democratic Party At the amount of controversial lawsuit to mitigate the members of the lawsuit party.
While prosecutors requested six-month prison sentence for Kim, the legislator was eventually released after the judge ruled that crypto assets were not subject to public discoveries at the time.
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2025-03-27 15:06:00