"The number of high-ranking officials holding virtual assets increased by 3.8 times compared to last year"

Son Min

Summary

It was stated that "the holding of virtual assets by high-ranking officials increased by 3.8 times compared to last year."
It was reported that "27% of all officials hold virtual assets, suggesting that they have established themselves as investment assets."
It was reported that "the virtual assets most held by high-ranking officials are Bitcoin and XRP."

The number of high-ranking officials holding virtual assets (cryptocurrencies) has increased by about 3.8 times.

According to the public ethics system's property disclosure status on the 31st (local time), the number of high-ranking officials who reported holding virtual assets this year was 1,557, a sharp increase from last year's 358. About 27% of the property disclosure targets (5,682 people) hold virtual assets, suggesting that virtual assets have established themselves as an investment asset.

The valuation of held virtual assets also rose from 23.3 billion won last year to 45.6 billion won, nearly doubling. The number of held items increased by about 200, indicating a more active virtual asset investment atmosphere. In particular, high-ranking officials are known to hold the most Bitcoin (BTC) and XRP.