Home » South Korean Justice Ministry Hits Out at Claims it ‘Refused to Say’ if Minister Owns Crypto

South Korean Justice Ministry Hits Out at Claims it ‘Refused to Say’ if Minister Owns Crypto

by CoinVeem

A statue of Lady Justice, blindfolded and holding scales and a sword, in front of a South Korean flag.
Supply: mehaniq41/Adobe

South Korea’s Justice Ministry has hit out at claims that Minister Han Dong-hoon “refused to reveal data” about whether or not or not he owns crypto.

Per the media outlet Newsis, the ministry claimed that “the cryptoasset holding standing of public officers who work with cryptoasset [regulation]” is “checked often.”

The ministry claimed that it carried out bi-annual checks on all “public officers belonging to the Ministry of Justice,” together with “the Minister and Vice Ministers.”

It added that it had begun to verify officers on this method in 2021.

And it stated that its most up-to-date verify was carried out in January this yr.

The newest verify, the ministry claimed revealed that “there have been no digital property held by public officers [who work with crypto regulation].”

The matter of lawmakers proudly owning crypto has become a political hot potato in South Korea this month.

Outcry has adopted allegations that Kim Nam-kuk, a lawmaker who served on a policy-making committee, sold cryptoassets in anticipation of the National Assembly’s adoption of the Travel Rule.

This, some have alleged, might represent insider buying and selling.

However the situation has turn into muddied by political mud-slinging.

A chart showing Bitcoin (BTC) prices versus the South Korean won (KRW) since the star of the year.
Bitcoin (BTC) costs versus the South Korean gained (KRW) for the reason that begin of the yr. (Supply: Morningstar/Google).

South Korean Lawmakers Wade into Crypto Debate

Kim not too long ago stepped down from the Democratic Social gathering, the occasion with probably the most seats within the Nationwide Meeting.

The ruling Individuals’s Energy Social gathering (PPP), some assume, has sought to capitalize on this.

The PPP has claimed that corruption-related points are endemic to the Democratic Social gathering.

And the latter has countered.

Park Chan-dae, a Democratic Social gathering MP this week claimed that Minister Han had “refused to reveal whether or not he owned cryptocurrency,” claiming that this data was “personal and private data.”

Park claimed that the query of whether or not or not Han owns cryptoassets or not must be settled in public.

Park added that “refusing” to touch upon the matter was unacceptable.

The Individuals’s Solidarity for Participatory Democracy, a left-leaning NGO, stated that it had contacted the ministry on Might 8.

The NGO stated it had despatched the ministry a request for readability on the matter of crypto possession.

However the group acknowledged that the “Ministry of Justice” had replied by “notifying” the NGO that it maintained a “non-disclosure” coverage.

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