Democratic Party of South Korea to compel parliamentary candidates to disclose crypto

The Democratic Party of Korea, which holds 167 out of 300 mandates in the National Assembly, has made it mandatory for prospective candidates to disclose their virtual asset holdings before next year’s general election.

According to the local outlet, News1, the disclosure will be a part of the party’s effort to show the ‘high moral standards’ of its candidates. As the chairman of the Democratic Party’s strategic planning committee, Han Byung-do has reportedly stated behind the closed-door meeting with journalists:

“We have decided to verify whether candidates have conflicts of interest in virtual assets from the screening stage of the verification committee.”

In the case of false…

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