Lawmakers in South Korea Made a $100 Million Bitcoin and Cryptocurrency Transaction!

Cryptocurrency transactions of up to 100 million dollars by South Korean MPs created a hot topic.

by the South Korean Anti-Corruption and Civil Rights Commission on December 29 A published report shed light on the cryptocurrency investments of the country’s lawmakers. According to data, South Korean parliament members 97.6 million dollars in 3 years He traded worth of cryptocurrencies.

In total 298 MPs Cryptocurrency records of 30 May 2020 to 31 May 2023 While it covers the dates between the dates of the MPs’ only 18 of them It was stated that it was a cryptocurrency transaction. In the portfolios of these people 107 different cryptocurrencies took place. The MPs’ preference was predominantly for Bitcoin.

Last May, a member of the Democratic Party had at least $4.5 million Wemix (WEMIX) It was on the agenda that he had an investment, and the MP in question was criticized for his unregistered cryptocurrency investment.

From that point on, the South Korean government civil servants It introduced the obligation to make a declaration regarding cryptocurrency transactions.

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