South Korea’s National Assembly Plenary Passes Two Bills Requiring Lawmakers and Senior Public Officials to Register Virtual Assets

The plenary session of South Korea’s National Assembly passed two bills requiring lawmakers and senior public officials to register virtual assets, the National Assembly Law Amendment and the Public Official Ethics Act Amendment, News 1 reported. The bill brings cryptocurrencies into the register of private interests of legislators, so members of the 22nd Congress will have to register their cryptocurrency holdings in property matters, and members of the 21st Congress will have to register by the end of June this year from the start of their term to May 21 Cryptocurrency holdings and changes acquired and held during the period.