#Cryptocurrency Holding Restrictions for South Korean Public Officials to Be Re-evaluated#

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The South Korean government has requested a reassessment of cryptocurrency holding restrictions for public officials, with a report due by January 31. The request applies to all government agencies, not just those dealing with virtual asset policies, drafting and enforcing regulations, but also those involved in promoting economic and industrial policies. This move indicates that the South Korean government is re-examining the restrictions on cryptocurrency holdings by public officials and may adjust related policies.

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The South Korean Ministry of Personnel Management has requested all government agencies to re-evaluate the implementation of restrictions on cryptocurrency holdings by public officials and submit a report by January 31. This request is not directed at all public officials, but specifically emphasizes agencies dealing with virtual asset policies, drafting and enforcing regulations, and those involved in promoting economic and industrial policies, which may be subject to restrictions on accessing virtual asset information. This move indicates that the South Korean government is re-examining its restrictive policies on cryptocurrency holdings by public officials and may take stricter measures to prevent conflicts of interest and information leaks.

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The South Korean government has requested all government agencies to re-evaluate the implementation of restrictions on cryptocurrency holdings by public officials.

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Each agency must review its compliance and submit a report by January 31.

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Not only agencies dealing with virtual asset policies, drafting and enforcing regulations, but also those involved in promoting economic and industrial policies, may be subject to restrictions on accessing virtual asset information.

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The measure aims to ensure that public officials do not have conflicts of interest when dealing with cryptocurrency-related policies.

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