A new bill requiring South Korean lawmakers and high-ranking government officials to disclose their cryptocurrency holdings is expected to be implemented within the next two months. The People Power Party's Representative Yun Jae-ok has stated that the scheduled date for introducing the new crypto declaration rules, which is currently set for December, is not prompt enough. Yun Jae-ok has also called for a new clause to bring the date of enforcement forward before it is voted upon. The new bill was proposed following a major scandal involving government official Kim Nam-kuk, who was accused of liquidating more than $4 million worth of crypto assets before the country began enforcing its "Travel Rule" in March.