20% of the Government is Investing in Cryptocurrency: A Total of 10 Million Dollars! - Coin Bulletin

According to the asset declarations of South Korean government officials, 411 out of 2,047 individuals stated that they hold virtual assets and have accumulated a total of 9.83 million dollars in cryptocurrency.

According to a report by South Korea's Munhwa Ilbo newspaper, government officials' virtual asset declarations indicate a significant increase. Out of 2,047 individuals, 411 reported that they own virtual assets, with a total value of approximately 14.4 billion KRW or 9.83 million dollars. Among government officials showing increased interest in cryptocurrencies, Seoul City Council Member Kim Hye-young stands out.

**Kim Hye-young declared virtual assets worth approximately 1.16 million dollars amounting to 1.7 billion KRW. Owning 16 different cryptocurrencies, Kim holds popular digital assets such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Ripple (XRP) in her portfolio. This situation demonstrates how widespread and accepted cryptocurrencies have become among government officials.

The widespread adoption of virtual assets among government officials indicates that cryptocurrencies are increasingly being accepted not only by individuals but also by state bodies. This increase strengthens the interest in cryptocurrencies and their place in legal and financial systems.