South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations

South Korean government authorities have supposedly been gotten insider exchanging. They sold the greater part of their digital currency possessions and benefitted just before the controllers reported crypto administrative measures. The nation's Financial Supervisory Service is examining the case.

At a gathering of the National Assembly's Committee on Thursday, January 18, the Financial Supervisory Service (FSS) affirmed that a few representatives put resources into cryptographic forms of money and sold them just before the administration declared crypto administrative measures, nearby media announced.

A right-wing party lawmaker said at the meeting, as reported by Joongang Ilbo:

"There is intelligence that FSS staff sold all of the virtual currency that they invested in just prior to the announcement of the government’s measures".