South Korean lawmakers propose a bill that would require public officials to disclose their crypto holdings

South Korean lawmakers have proposed a bill that would require public officials to disclose their cryptocurrency holdings.

The bill, which was introduced by lawmakers from the ruling Democratic Party, would require all public officials, including members of parliament, government officials, and judges, to disclose their cryptocurrency holdings on an annual basis.

The bill is being proposed in response to concerns about the potential for cryptocurrency to be used for corruption and insider trading.

Cryptocurrencies are often traded anonymously, which makes it difficult to track the flow of money and identify potential conflicts of interest.

If the bill is passed, it would be the first law in the world to require public officials to disclose their cryptocurrency holdings.

The bill is still in its early stages, but it has the potential to make a significant impact on the transparency of cryptocurrency markets.