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

Over 20% of South Korean public officials who disclosed their assets held cryptocurrencies, including Bitcoin, Ether, XRP and Dogecoin.

South Korea’s Ethics Commission revealed that high-ranking public officials in the country hold an average of 35.1 million won ($24,000) in crypto assets. 

On March 27, the country’s Ethics Commission for Government Officials reportedly disclosed that more than 20% of the surveyed public officials hold 14.4 billion won ($9.8 million) in crypto. This means 411 of the 2,047 officials subjected to the country’s disclosure requirements hold crypto assets. 

The highest amount disclosed was 1.76 billion won ($1.2 million) belonging to Seoul City Councilor Kim Hye-young. 

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