In South Korea, officials may be required to provide information about the availability of digital currency


South Korean Prime Minister Han Dok Su said at a press conference that senior government officials should be forced to disclose all cryptocurrency assets they own.

The leader reminded the public that civil servants are already required to report the ownership of precious metals and suggested that a similar procedure be applied to virtual assets.

South Korean authorities have recently taken steps to tighten regulation of the digital currency market.

News recently emerged of raids on the offices of bitcoin exchanges UpBit and Bithumb. This follows the failure of the Terra exchange's systems in 2022, which led to the financial collapse of many Korean crypto investors who had their money taken from them. In response to these events, South Korea stepped up monitoring of the market.

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