South Korea’s Anti-Corruption and Civil Rights Commission investigated the digital asset transaction records of all 298 sitting lawmakers between May 30, 2020, and May 31, 2023.
Members of the South Korean parliament, the National Assembly, bought or sold almost $100 million in cryptocurrencies during a three-year period, according to a report published by the country’s Anti-Corruption and Civil Rights Commission on Dec. 29.
The report follows a three-month investigation into the digital asset transaction records of all 298 sitting lawmakers between May 30, 2020, and May 31, 2023. The probe found that 18 out of 298 Korean lawmakers have records of digital asset possession in the last three years, while just 11 lawmakers account for the total volume traded during the period.
According to the report, the exact trade volume of crypto in lawmakers’ accounts is estimated to be 125.6 billion Korean won ($97.6 million).
