Officials Quitting to Join Crypto Exchanges

An increasing number of South Korean public officials are leaving to join the cryptocurrency industry almost without restriction, Roh Woong-rae of the ruling Democratic Party told Korea Herald.

According to data compiled by the legislator, a high-ranking official at the Financial Services Commission, the nation’s top financial regulator, recently quit to move to Bithumb, one of the largest cryptocurrency exchanges.

Read the full report: Korea Herald

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.