Kim Nam-kuk – a South Korean lawyer and politician – will reportedly sell his cryptocurrency holdings amid a conflict of interest that surrounds his stash.
The Democratic party (DP), which he is part of, will also launch an investigation to determine whether he complied with local requirements when acquiring the tokens.
Inspection Could Reach Other Members of the Party
According to a local media outlet, the DP urged Nam-kuk to sell his approximately 800,000 Wemix coins following allegations that he might have used insider information to acquire them. Some have also suggested the lawmaker has not abided by domestic rules when dealing with the tokens a few years back.
The party further announced it will thoroughly investigate the matter to discover any possible irregularities with Nam-kuk’s actions. While the examination will be focused initially on him, it could later affect other members of the DP.
“Outside experts with specialist knowledge could join the investigation
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