South Korea investors cryptocurrency While they were influential with the transactions they carried out in the sector, a new step came from the South Korean government.
The country’s Ethics Policy Board said in a statement that starting next year, public officials Bitcoin (BTC) He said that there will be a system that will enable them to disclose their assets such as cryptocurrencies.
At this point, the South Korean government aims to make the cryptocurrency and other assets of approximately 5,800 public officials publicly available within the scope of new legislation aimed at increasing transparency.
The following statements were made in the statement:
“We expect the transparency of the public service community to be further increased through the implementation of the service of public disclosure of cryptocurrencies and other assets held by public officials.
While we continue to establish public service ethics, we will also make comprehensive preparations to ensure that improvements in the crypto sector are implemented without disruption. “We will look for various ways to achieve this.”
In the statement, the country’s largest cryptocurrency exchanges Upbit, Bithumb, Coinone, Korbit and GopaxIt was also stated that, as of June 2024, they will have systems that enable the tracking of cryptocurrencies held by public officials.
As you may remember, a member of parliament’s suspicious cryptocurrency transfer in May 2023 attracted attention.
After this incident, South Korean lawmakers approved a law that would require lawmakers and high-ranking officials to report cryptocurrency investments.
*This is not investment advice.
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