20% of South Korean Government Officials Report Crypto Investments, Sparking Controversy
2025-03-28 09:59:38 Primitive Reading

 Recent asset declarations have shown that 20.1% of South Korean government officials, totaling 411 out of 2,047, have reported owning digital assets worth KRW 14.4 billion (around $9.83 million). Among these officials, Seoul City Council Member Kim Hye-young stands out with crypto holdings valued at 1.7 billion KRW (approximately $1.16 million), including investments in Bitcoin, Ethereum, Dogecoin, and XRP. Following Kim, Seoul City Councilor Choi Min-gyu declared holdings worth 1.62 billion KRW ($1 million), which include XRP and Artidium, while Busan-Ulsan Expressway CEO Kim Ki-hwan ranked third with 1.43 billion KRW in crypto, primarily in Luna Classics and other altcoins. These revelations point to a growing trend of government officials entering the cryptocurrency market, raising concerns about potential conflicts of interest and the necessity for stricter regulations in this rapidly evolving sector.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.

Recommended reading
US spot Bitcoin ETF had a net inflow of $89.03 million yesterday

10-22     admin     9482 Reading

IBIT had a net inflow of US$3.93 million yesterday

10-22     admin     16625 Reading

Yesterday, the U.S. spot Ethereum ETF had a net outflow of $4.22 million

10-22     admin     7544 Reading

KULR annual report: Bitcoin holdings expanded to 668, with a yield of 181.1%

10-22     admin     7881 Reading

Bitfarms: As of March 26, it holds 1,093 bitcoins, with a total liquidity of $135 million

10-22     admin     10054 Reading

After Binance launched Mubarak, a certain address transferred 11 million Mubarak to Binance, making a profit of $1.6 million

10-22     admin     12026 Reading

Tether invests 10 million euros to acquire 30.4% stake in Be Water

10-22     admin     12332 Reading

Sonic announces TVL surpasses $1 billion

10-22     admin     6936 Reading

Incoming SEC Chairman Paul Atkins Owns $6 Million in Crypto-Related Assets

10-22     admin     15790 Reading

Analyst: Gold remains the most reliable hedge against Trump's tariffs

10-22     admin     9761 Reading

Data: 47,380 ETH transferred from Ceffu to an unknown wallet

10-22     admin     12737 Reading

Pancake Swap may launch an independent IDO activity, and the subscription token will be CAKE

10-22     admin     16216 Reading

Spot gold returns to above $3,050/ounce, setting a new one-week high

10-22     admin     16464 Reading

A whale redeemed 30,000 SOL and 11.97 million USDC from Drift, with an estimated loss of $1.24 million

10-22     admin     11688 Reading

Mysten Labs: Some users encountered problems using Sui Wallet to receive Walrus airdrop

10-22     admin     13928 Reading