\n
After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
