South Korean Officials’ Crypto Assets to Be Made Public
From 2024, South Korea will update its regulations regarding the disclosure of personal assets for government officials. About 5,800 state officials will be required to publicly disclose their crypto asset holdings and other properties using a designated electronic system.
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From 2024, South Korea will update its regulations regarding the disclosure of personal assets for government officials. About 5,800 state officials will be required to publicly disclose their crypto asset holdings and other properties using a designated electronic system.
This shift in the law is designed to increase the transparency and accountability of government officials to the public. With this change, citizens will have unrestricted access to verify an official's asset details through the Public Ethics Information Service (PETI).
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