South Korea to Require Government Officials to Disclose Crypto Holdings
South Korean lawmakers passed legislation on Thursday that requires government officials to report their crypto holdings. This "Kim Nam-kuk Prevention Act" was approved without a dissenting vote and is in response to suspicions that a former Democratic Party lawmaker had up to 6 billion won worth of crypto. The bill will also extend to other high-ranking government officials.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
South Korea to Require Government Officials to Disclose Crypto Holdings
South Korean lawmakers passed legislation on Thursday that requires government officials to report their crypto holdings. This "Kim Nam-kuk Prevention Act" was approved without a dissenting vote and is in response to suspicions that a former Democratic Party lawmaker had up to 6 billion won worth of crypto. The bill will also extend to other high-ranking government officials.