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290,000 S Korean Public Sector Employees Forced to Declare Crypto Holdings
3.1.2024
Source: promesaartstudio/Adobe Around 290,000 South Korean public sector workers will be forced to declare their crypto holdings starting from February. Per Maeil Kyungjae, the Ministry of Personnel Management has declared that the rule will also apply to employees’ spouses and next of kin....
South Korea to Mandate High-Ranking Public Officials to Disclose Cryptocurrency Holdings by Next Year
27.12.2023
Source: CJ Nattanai/Adobe South Korea has announced that high-ranking public officials will be required to disclose their cryptocurrency holdings starting next year. In a Wednesday press release, the country’s personnel ministry said this proactive approach is intended to address potential...
Senior Public Officials in South Korea Declare Crypto Holdings
26.10.2023
Senior public officials in South Korea’s Gyeonggi province have declared their cryptocurrency holdings. The disclosure comes as part of the province’s efforts to ensure transparency among its government employees to avoid conflict of interest. Gyeonggi province announced that it...
Report: Nigeria to Stop Cash Withdrawals From Government Accounts
9.1.2023
From the start of March, Nigerian public officials will be barred from withdrawing cash from government bank accounts, the head of the Nigerian Financial Intelligence Unit reportedly said. Public officials that want to be exempted from this new regulation will have to obtain a waiver from...
Crypto Lobbying in the US Jumped 116% in 12 Months With $9.56 Million Spent in 2021
8.2.2022
Cryptocurrency and blockchain firms are concerned about the future legislation revolving around the cryptocurrency industry and money spent on lobbying cemented this fact. A recently published study indicates that money spent on crypto lobbying jumped 116% in 12 months with $9.56 million leveraged...
Korean Officials Quit Jobs to Join Crypto Industry, Lawmaker Reveals
13.12.2021
Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions, according to the findings of a Korean lawmaker, quoted by local media. Former Financial Officials Hired by Major...
Local Council Member in Ukraine Declares 124 BTC and 500 Tesla Shares
14.11.2021
A government official in Rivne region of Ukraine owns close to $8 million in cryptocurrency and 500 Tesla shares, his declaration shows. The news comes as another Ukrainian lawmaker in Kyiv has found it hard to prove possession of the crypto holdings on her asset statement. Ukraine Officials...
Pandora Papers Expose How World Elite Uses Legacy Finance To Hide Fortunes
4.10.2021
rld’s rich to hide their fortunes, among others 35 current and former world leaders, as well as 300 other public officials in more than 90 countries.The ICIJ
Report Claims Ukrainian Officials Hold Over $2.6 Billion in Bitcoin
10.4.2021
The latest declarations from Ukrainian public officials revealed a billion-dollar amount of money they allegedly own in bitcoin. An online incentive gathered data from 791,872 state employees and 652 respondents disclosed their crypto holdings. The Biggest Crypto Holder in the Report Has 18,000...
Abkhazia Plans to Criminalize Crypto Mining as Energy Crisis Deepens— Extends Temporary Ban
3.4.2021
Crypto mining in Abkhazia is still a hot potato for the de facto state government, which is now determined to criminalize such activities. Continuous massive power disruptions, in parallel, are fueling the anger of the people towards crypto miners. Public Officials to Face Bigger Penalties...
Russian Public Officials Banned From Holding Cryptocurrency
25.1.2021
Russian government officials must dispose of any digital asset holdings before April 1, a letter from the Ministry of Labor states
Putin Orders Russia’s Public Officials to Report Crypto Holdings
11.12.2020
Russian civil servants must start reporting their crypto assets as the country's first crypto law comes into force in January
Newly Appointed Ukrainian Politician Declares Owning Over $24 Million in Monero
11.12.2020
A 19-year old Ukrainian politician disclosed all the property he owns during an anti-corruption procedure, mandatory for all public officials in Ukraine, who revealed that he holds millions of dollars worth of monero (XMR). 19-Year-Old Ukrainian Politician Discloses Its Monero Holdings Rostislav...
Russian Public Officials Must Now Declare Their Crypto Holdings as Income
23.10.2020
Public officials in Russia will now be required to declare all the crypto assets they hold as income. The measures are with effect from Jan. 1, 2021, local media reported. Russia’s prosecutor general Igor Krasnov declared: “Starting next year, civil servants will be required to declare...