The Prime Minister's decision comes shortly after Congressman Kim Nam-kuk allegedly liquidated approximately $4 million before the enforcement of the Financial Action Task Force's 'Travel Rule.'
In a press conference held at the Sejong Government Complex on May 17, the prime minister reportedly emphasized the importance of including crypto assets in the property registration of high-ranking public officials.
According to a Google-translated version of the report, Prime Minister Han told reporters that the issue of whether high-ranking officials should include digital currency in property registration “can be fully discussed and decided in the National Assembly.” According to the report, the prime minister shared that “Personally, I think it’s right to put it in ."
To support his stance, the prime minister drew a parallel with the registration of other valuable assets. He mentioned that registering a certain threshold of precious metals is currently mandatory, and similar requirements could be implemented for cryptocurrency holdings. At present, there are no requirements to disclose cryptocurrency holdings, and each official decides independently whether to reveal such assets.
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