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

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The Ministry of Personnel Management of Korea 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. The ministry specifically emphasized that 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. This move indicates that the Korean government is re-evaluating cryptocurrency holding restrictions for public officials and may adjust related policies.

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The 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. The focus of this evaluation is on the potential restrictions on accessing virtual asset information, not only for agencies dealing with virtual asset policies, drafting and enforcing regulations, but also for those involved in promoting economic and industrial policies. This signifies that the Korean government is re-examining cryptocurrency holdings by public officials and may further strengthen regulatory measures to prevent conflicts of interest and information leaks. The results of this evaluation will have a significant impact on cryptocurrency holdings by Korean public officials and could influence the Korean government's regulatory policies on the cryptocurrency industry.

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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 re-evaluation aims to ensure that public officials do not face conflicts of interest when dealing with cryptocurrency-related policies.

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