South Korea has decided to publicly disclose the cryptocurrency holdings of government officials.
South Korea has introduced new legislation aimed at enhancing transparency by making the crypto and other asset holdings of around 5,800 public officials accessible to the public. The country's Ethics Policy Division announced that starting from next year, public officials will have access to an integrated asset disclosure service. Currently, asset disclosures are published in official gazettes, but the new legislation will make this information available through the Public Official Ethics System (PETI). These laws were enacted in response to a prominent scandal involving a lawmaker, and it is expected that the implementation of the integrated service for public official property disclosure and registration of virtual assets will further enhance transparency within the public service community.