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Gyeonggi-Do, South Korea Requires Public Officials Above Level 4 To Report Virtual Asset Holdings by September 1

According to the announcement made by Gyeonggi Province, South Korea today, the revision of the "Behavioral Norms for Gyeonggi Province Public Officials" has been completed. It requires public officials of level 4 or above in Gyeonggi Province to report their holdings of virtual assets such as Bitcoin before September 1st, and if necessary, to verify their relevance to their duties, and take preventive measures based on the information obtained to prevent them from seeking personal gain during their duties.

It is reported that the "Ethics Act for Public Officials" requiring mandatory declaration of virtual asset property for senior public officials will be implemented on December 14th. 

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