• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

South Korea officers should now disclose Bitcoin holdings

SB Crypto Guru News by SB Crypto Guru News
June 5, 2023
in Regulations
0 0
0
South Korea officers should now disclose Bitcoin holdings


South Korea officers should now disclose Bitcoin holdings
  • Korean officers are actually required to reveal any crypto holdings above $760.
  • The invoice outlining the brand new regulation was unanimously handed by lawmakers and ratified on Thursday, 25 Could.
  • Strict guidelines round crypto holdings for public officers come after a scandal the place one Kim Nam-kuk was mentioned to have held $4.5 million value of crypto.

Cryptocurrency information out of South Korea states that the requirement that authorities officers disclose all their cryptocurrency holdings has been handed into regulation.

The Nationwide Meeting’s transfer to undertake the invoice means South Korea lawmakers and different excessive rating authorities officers will now need to make public their Bitcoin or different crypto belongings they maintain.

Korean officers to reveal their crypto holdings

In keeping with an area information report by News1, the nation’s Nationwide Meeting unanimously handed the “Kim Nam-guk Prevention Regulation” on Monday, 22 Could and accredited it in plenary on Thursday, 25 Could, 2023.

The invoice comes into impact just a few days after Kim Nam-kuk, a former opposition get together member, was revealed to have held crypto belongings value roughly $4.5 million on the Wemix change. The revelations induced uproar, with allegations of cash laundering surfacing.

South Korea’s amendments to its Nationwide Meeting Act and the Public Service Ethics Act now obligates public officers to adjust to the regulation in the event that they maintain any cryptocurrencies.

Specifically, affected people must declare all crypto holdings that quantity to $760 or extra. The requirement is in place for disclosures involving money, shares, and bonds amongst different belongings.


Share this text

Classes

Tags



Source link

Tags: BitcoinBitcoin NewsCrypto NewsCrypto UpdatesDiscloseHoldingsKoreaLatest News on CryptoOfficialsSB Crypto Guru NewsSouth
Previous Post

The Use of Blockchain Expertise within the Power Trade to Promote Sustainability

Next Post

Castello di Rivoli Museum says director Christov-Bakargiev will depart on the finish of 2023

Next Post
Castello di Rivoli Museum says director Christov-Bakargiev will depart on the finish of 2023

Castello di Rivoli Museum says director Christov-Bakargiev will depart on the finish of 2023

  • Trending
  • Comments
  • Latest
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

September 6, 2024
Robinhood made OpenAI tradable… but is it legit

Robinhood made OpenAI tradable… but is it legit

0
XRP price rises 15% to .24, but whale sell-off raises downside risk

XRP price rises 15% to $2.24, but whale sell-off raises downside risk

0
Charting Tech’s Breakout to Record Highs

Charting Tech’s Breakout to Record Highs

0
Swiss Bank AMINA Becomes First to Offer Custody, Trading for Ripple’s RLUSD Stablecoin

Swiss Bank AMINA Becomes First to Offer Custody, Trading for Ripple’s RLUSD Stablecoin

0
CySEC Says Former FTX EU Now Trek Labs Meets Compliance, Lifts Suspension

CySEC Says Former FTX EU Now Trek Labs Meets Compliance, Lifts Suspension

0
Bitcoin Lightning Is A Dead End, Says Former Core Dev Garzik

Bitcoin Lightning Is A Dead End, Says Former Core Dev Garzik

0
Bitcoin Lightning Is A Dead End, Says Former Core Dev Garzik

Bitcoin Lightning Is A Dead End, Says Former Core Dev Garzik

July 4, 2025
Robinhood made OpenAI tradable… but is it legit

Robinhood made OpenAI tradable… but is it legit

July 4, 2025
TRON DAO Joins EthCC as WAGMI Sponsor, Co-Hosts Events With MetaMask and Arkham

TRON DAO Joins EthCC as WAGMI Sponsor, Co-Hosts Events With MetaMask and Arkham

July 4, 2025
Swiss Bank AMINA Becomes First to Offer Custody, Trading for Ripple’s RLUSD Stablecoin

Swiss Bank AMINA Becomes First to Offer Custody, Trading for Ripple’s RLUSD Stablecoin

July 4, 2025
XRP price rises 15% to .24, but whale sell-off raises downside risk

XRP price rises 15% to $2.24, but whale sell-off raises downside risk

July 4, 2025
Ban on fossil fuel advertising and sponsorship to be debated by UK parliament – The Art Newspaper

Ban on fossil fuel advertising and sponsorship to be debated by UK parliament – The Art Newspaper

July 4, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.