Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»South Korean politicians bought $50 million worth of cryptocurrency in three years
TRADING NEWS

South Korean politicians bought $50 million worth of cryptocurrency in three years

By Crypto FlexsDecember 30, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
South Korean politicians bought  million worth of cryptocurrency in three years
Share
Facebook Twitter LinkedIn Pinterest Email

From May 30, 2020 to May 30, 2023, South Korean lawmakers purchased KRW 62.5 billion (about $48 million) worth of cryptocurrency and sold KRW 63.1 billion (about $48.6 million) worth of cryptocurrency.

This year, South Korea is stepping up its efforts to regulate cryptocurrency. The focus has been on overseeing the cryptocurrency activities of some politicians after it was discovered that they were involved in questionable cryptocurrency trading.

Nearly 6% of Korean lawmakers own cryptocurrency.

Cryptocurrency is growing in popularity among Korean lawmakers.

A survey conducted by the Anti-Corruption and Civil Rights Commission found that in 2022, only eight members owned 24 cryptocurrency assets. However, by 2023, the number of members has increased to 17, holding 107 types of cryptocurrency assets. This number corresponds to almost 6% of all National Assembly members in South Korea.

This survey included 36 domestic virtual asset service providers. Jeong Seung-yoon, acting chairman of the Anti-Corruption and Civil Rights Commission, said this.

“This virtual asset investigation was conducted fairly and in accordance with laws and principles in cooperation with relevant agencies.”

Read more: Cryptocurrency regulation: what are the pros and cons?

The most traded cryptocurrency by members during the survey period was Bitcoin (BTC). From 2020 to 2023, lawmakers purchased a total of $48 million worth of cryptocurrency and sold $48.6 million worth of cryptocurrency.

There were also some differences in the data provided by 10 Korean National Assembly members.

BeInCrypto reported that in May 2023, South Korea’s National Assembly passed a bill requiring lawmakers to disclose their cryptocurrency holdings. This bill was discussed as opposition party lawmaker Kim Nam-guk faced suspicion of cryptocurrency trading.

Read more: 7 Best Pro Accounts for Cryptocurrency Trading

Do you have anything to say about the cryptocurrency trading of Korean lawmakers or anything else? Write to us or join the discussion in our Telegram channel. TikTok, Facebook or X (Twitter).

Latest information from BeInCrypto Bitcoin (BTC) analysis, Click here.

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025

Like the initial Cardano, a way to reach $ 300 for Loy tokens more than $ 450K

June 25, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Solana’s $WATER Cryptocurrency Surges 350% – Thanks to Messi and Ronaldinho!

July 10, 2024

Mysten Labs CEO Evan Cheng says Sui’s gaming device is ‘software play’.

October 13, 2024

Trader says Avalanche (AVAX) is gearing up for a massive rally and updates outlook for Dogecoin (DOGE).

November 24, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.