coingabbar.com
A new bill in South Korea will require government officials and lawmakers to disclose their cryptocurrency holdings over $760. The bill, expected to take effect in the next two months, is being fast-tracked due to public interest and concerns regarding a recent crypto scandal involving a government official. The proposed legislation will undergo further revision and may be enforced earlier than originally planned. Currently, there is no requirement for officials to disclose their digital assets. The bill will be voted upon on May 26. South Korea has been increasing regulatory efforts in the crypto space following previous incidents.