Lawmakers from South Korea's ruling party have proposed a new bill that would require public officials and candidates to disclose their cryptocurrency holdings. Currently, officials are only required to disclose assets such as cash, stocks, and bonds worth over 10 million Korean won. The proposed amendment would expand the scope of assets subject to reporting to include virtual assets, and would also impose limits on the amount an official involved in the crypto sector can invest. The move comes amid an ongoing scandal involving a former lawmaker from the opposing Democratic Party who is being investigated for campaign finance violations, tax evasion, and concealment of criminal proceeds related to his hidden crypto possessions and transactions.