Over 15 million USD from South Korea’s New Start Fund was allocated to cryptocurrency traders, originally aimed at aiding small businesses affected by the pandemic.
An audit uncovered discrepancies, highlighting that significant funds benefited cryptocurrency holders, including one individual receiving 62,350 USD despite holding considerable crypto assets.
The Financial Services Commission emphasizes strengthening screening for beneficiaries, while lawmakers consider empowering authorities to verify crypto asset holdings without consent.
Leave a Reply