SoftBank Eyes Up to $25B OpenAI Investment Amid AI Boom 
Investors value green labels — but not always for the right reasons 
Insignia Financial Shares Hit 3-Year High Amid Bain and CC Capital Bidding War 
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand 
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition 
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth 
Tech Stocks Rally in Asia-Pacific as Dollar Remains Resilient 
Ethereum Under Pressure: ETHUSD Tests Critical Support as Market Momentum Fades 
Apple Downgraded by Jefferies Amid Weak iPhone Sales and AI Concerns 
Ethereum in Stasis: ETHUSD Coils in Narrow Range as Geopolitical Tensions Persist 
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales 
Coles Group Q3 Sales Rise Driven by Supermarkets and E-Commerce Growth 
ETHUSD Dip-Buy at 2300 as 55 EMA Hurdle Caps Rally; Upside Targets 2770/2880/3000 on 2500 Break 
Why the Middle East is being left behind by global climate finance plans 
South Korea reportedly passed a bill that requires legislators to reveal their crypto holdings. The new law was said to have been enacted due to concerns over conflict of interest.
The South Korean government is calling the new rule the “Kim Nam Guk Prevention Law.” Officials passed this bill in response to a scandal where some members of the National Assembly got involved in the transfer of large amounts of cryptocurrencies.
As per CoinTelegraph, South Korea is determined to move forward with this new regulation that will require government lawmakers to report whatever cryptocurrencies they are holding, such as Bitcoin (BTC). It was reported that the country’s National Assembly unanimously voted to pass the bill, so officials, including high-ranking ones, are now obligated to report or declare their crypto assets.
The Kim Nam Guk Prevention Law was approved by the lawmakers on Thursday, May 25, during a plenary session. It was supported by all of the 269 officials present at the assembly. The policy also involved amendments to the National Assembly Act as well as the Public Service Ethics Act. On the other hand,
With this new policy in place, the amendment to the National Assembly Act officially puts crypto assets under the list of registered property of lawmakers. On the other hand, the amendment to the Public Officials Ethics Act also requires all public officials to disclose crypto holdings.
In early May, South Korea’s Democratic Party member Kim Nam Guk was found to own at least KRW6 billion or about $4.5 million worth of crypto assets deposited at Wemix Exchange. The discovery stirred up concerns over possible money laundering, use of insider data, and conflicts of interest.
Apparently, the government quickly acted on this case, and the new law was subsequently created without delay. The main point of this policy is to include all Bitcoin and other crypto assets worth more than $760 when officials are declaring their wealth. Meanwhile, the new bill is expected to take effect in December, but People Power Party’s representative, Yun Jae Ok, is urging officials to implement it next month.
Photo by: Kanchanara/Unsplash
