South Korea asks for disclosure of Cryptocurrency Holdings of officials

The South Korean government has announced the implementation of a unified public official asset disclosure service, incorporating the registration of cryptocurrency holdings. Beginning January 1, 2024, asset disclosure information for public officials, including cryptocurrency holdings, will be accessible through the Public Ethics Management Information System (PETI). This move aims to enhance transparency and accountability in the public sector, ensuring that approximately 5,800 public officials, including high-ranking civil servants, university professors, National Assembly members, and senior public officials, disclose their assets, including cryptocurrencies, through the centralized PETI platform. The initiative is expected to increase public access to information about the assets held by public officials and fortify measures against conflicts of interest. (Source: Cryptoslate.com)