South Korean PM Seeks Disclosure Of Crypto Holding
South Korean Prime Minister Han Deok-soo has called for high-ranking public officials to disclose and register their cryptocurrency assets, according to a local news outlet.
On May 17, the prime minister reportedly stressed the importance of including crypto assets in the property registration of high-ranking public officials during a press conference at the Sejong Government Complex.
Prime Minister Han told reporters that the issue of whether high-ranking officials should include digital currency in property registration “can be fully discussed and decided in the National Assembly.” According to the report, the prime minister shared that “Personally, I think it’s right to put it in.”
To back up his position, the prime minister drew a comparison to the registration of other valuable assets. He mentioned that registering a certain amount of precious metals is currently required, and that similar requirements for cryptocurrency holdings could be implemented.
(With inputs from Shikha Singh)
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