South Korean Prime Minister Han Duck-soo has called on senior public officials to disclose and register cryptocurrency assets, local news outlets reported.
During a press conference held at the Sejong Government House on May 17, the prime minister reportedly emphasized the importance of including crypto assets in the property registry of senior public officials. According to a Google-translated version of the report, Premier Han told reporters that The question of whether senior officials should include digital currencies in property registration "can be fully discussed and decided in the National Assembly." "Personally, I think it's right to put it (on the property register)," the prime minister reportedly shared.
In support of his position, the prime minister compared the registration to that of other valuable assets. He mentioned that a certain threshold of precious metals must currently be registered and that a similar requirement could be implemented for cryptocurrency holdings. National Assembly m ember Kim Nam - kuk's recent disclosure of large cryptocurrency investments has sparked calls for a comprehensive investigation into policymakers' holdings of cryptocurrencies and their use in property registration.
Kim is currently under investigation by South Korea's Financial Intelligence Unit for reportedly liquidating approximately $4.5 million worth of cryptocurrencies ahead of the implementation of the Financial Action Task Force's “travel rule.”
