The ruling party of South Korea, the People Power Party (PPP), has urged for the implementation of crypto laws and regulations for high-level government officials and lawmakers as soon as possible. While the current timeline for the enforcement of crypto rules is set for December, the PPP is requesting for it to be expedited. The proposed bill also mandates that government officials and lawmakers disclose their cryptocurrency holdings in their annual asset reports, which would increase transparency. This move towards crypto regulations coincides with Hong Kong's own crypto laws, and the introduction of formal crypto laws in South Korea will provide clarity for crypto businesses operating in the country. In addition, we have updated our list of crypto presale projects and Telegram channels for 2023, so stay informed and ahead of the game with these valuable resources.
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