South Korea to Make Officials' Crypto Disclosures Public
Summary
South Korea will make crypto and other asset holdings of about 5,800 public officials public under new legislation aimed at increasing transparency. Starting next year, an integrated asset disclosure service will be provided, with information available through the Public Official Ethics System (PETI). The laws requiring public officials to disclose their crypto holdings were passed in May following a scandal involving a lawmaker. From June 2024, crypto exchanges Upbit, Bithumb, Coinone, Korbit and Gopax plan to have information provision systems to help track holdings.
