Officials in South Korea Will Make Cryptocurrencies Public

Senior civil servants in South Korea will have to disclose which cryptocurrencies they have purchased starting next year.

According to the government’s statement, 5 thousand 800 civil servants assets owned, including cryptocurrencies, Public Ethics and Transparency Initiative will be made accessible within the scope of.

Lawmakers, along with bills approved in May, have made cryptocurrencies available to elected government officials. has to report included it among the assets.

According to the statement made by the Minister of Personnel Management, with the registration of virtual assets in this system “increasing transparency in public services” Waiting.

According to the minister’s statement, five local cryptocurrency exchanges in the country, consisting of Upbit, Bithumb, Coinone, Korbit and Gopax, plan to develop a separate system next year. This system is also likely to be used for property registration.

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