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Over 400 South Korean officials disclose $9.8M in crypto holdings

Summary by Cointelegraph
South Korean public officials are required by law to disclose their crypto asset holdings to the country’s Ethics Commission.
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

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South Korean Ethics Committee Uncovers Portfolios of Public Officials, XRP used more than BTC and ETH

According to a Public Ethics Committee, one in five South Korean public officials, 411 out of 2,047 officials, holds cryptocurrency, totalling around 14.41 billion Korean won ($9.8 million). This reveals the extent to which cryptocurrency, particularly altcoins, is penetrating Korea’s public sector. Kim Hye-young, Seoul City councilor, has a portfolio of 1.7 billion won ($1.2 million) spread across 16 types of cryptocurrencies, including Bitcoin…

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CoinStats - South Korean Ethics Committee Uncovers Portfo...

According to a Public Ethics Committee, one in five South Korean public officials, 411 out of 2,047 officials, holds cryptocurrency, totalling around 14.41 billion Korean won ($9.8 million). This reveals the extent to which cryptocurrency, particularly altcoins, is penetrating Korea’s public sector. Kim Hye-young, Seoul City councilor, has a portfolio of 1.7 billion won ($1.2 million) spread across 16 types of cryptocurrencies, including Bitcoin…

Read Full Article
BitcoinikBitcoinik

South Korea’s Crypto Boom: Investor Count Increases by 21%, Trading Volumes Near Stock Market Levels

According to a report, South Korea’s Cryptocurrency market has experienced good growth in 2024; it mainly includes investor participation and market capitalization. According to a report, 21% of the number of crypto investors increased in South Korea in the first half of the year, and after the calculation, there are approximately 7.78 million individuals. This report is given by the Financial Intelligence Unit (FIU) of the Financial Services Co…

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Report: 20% of South Korean Officials Hold Crypto, Seoul Councilor Leads with $1.16M - WorldNL Magazine

A recent asset disclosure by South Korea’s Public Officials Virtual Assets Rank List revealed that 20.1% of high-ranking public officials hold crypto, with their total reported holdings amounting to $9.83 million. The official with the largest virtual asset portfolio was Seoul City Council Member Kim Hye-young, who declared $1.16 million in digital assets. The Rankings The March 27 report revealed that of the 2,047 state officers required to dis…

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Report: 20% Of South Korean Officials Hold Crypto, Seoul Councilor Leads With $1.16M

A recent asset disclosure by South Korea’s Public Officials Virtual Assets Rank List revealed that 20.1% of high-ranking public officials hold crypto, with their total reported holdings amounting to $9.83 million. The official with the largest virtual asset portfolio was Seoul City Council Member Kim Hye-young, who declared $1.16 million in digital assets. The Rankings The March 27 report revealed that of the 2,047 state officers required to dis…

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Report: 20% of South Korean Officials Hold Crypto, Seoul Councilor Leads with $1.16M

A recent asset disclosure by South Korea’s Public Officials Virtual Assets Rank List revealed that 20.1% of high-ranking public officials hold crypto, with their total reported holdings amounting to $9.83 million. The official with the largest virtual asset portfolio was Seoul City Council Member Kim Hye-young, who declared $1.16 million in digital assets. The Rankings The March 27 report revealed that of the 2,047 state officers required to dis…

Read Full Article
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coinsurges.com broke the news in on Thursday, March 27, 2025.
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