South Korean lawmakers bought nearly $50 million in cryptocurrencies in three years, and about 6% of them have held cryptocurrencies

According to ChainCatcher, a survey conducted by the South Korean Anti-Corruption and Civil Rights Commission showed that between May 30, 2020 and May 30, 2023, a total of 18 lawmakers held cryptocurrencies, accounting for about 6% of the total number of lawmakers. The number of lawmakers owning cryptocurrencies increased from 8 in 2020 (involving 24 assets) to 17 in 2023 (involving 107 assets).

In addition, the cumulative amount of cryptocurrency purchased by 11 lawmakers during the investigation period reached 62.5 billion won (about 48 million U.S. dollars), and the total amount of sales reached 63.1 billion won (about 48.6 million U.S. dollars). The investigation involved 36 Korean virtual asset service providers. During the investigation period, the cryptocurrency traded most by lawmakers was Bitcoin.