South Korean Lawmakers May Have to Declare Crypto Holdings Following "Coin Gate" Scandal

05/18 01:35

South Korean lawmakers may soon be required to declare their cryptocurrency holdings following a scandal involving MP Kim Nam-kuk, who has been accused of suspicious crypto trades worth $4.5 million. The National Assembly's Political Affairs Committee has co-created a resolution that would establish a "voluntary" system for reporting cryptoasset holdings, but it is expected to become a de facto mandatory protocol.
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