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

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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. The ministry 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 South Korean government is re-evaluating its policies on cryptocurrency holdings by public officials and may adjust related restrictions.

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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. This request applies not only to agencies handling virtual asset policies, drafting and enforcing regulations, but also to those involved in promoting economic and industrial policies, as they may have access to virtual asset information. This move indicates that the Korean government is re-examining its restrictive policies on cryptocurrency holdings by public officials and may adjust them based on the evaluation results. The focus of this re-evaluation is to ensure that government agencies comply with relevant regulations when handling virtual asset information and prevent conflicts of interest.

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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 comply with relevant regulations regarding cryptocurrency holdings and prevent conflicts of interest.

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