Government Orders for Immediate Audit

Ko has instructed the Ministry of Economy and Finance to coordinate with the Financial Services Authority and the Financial Supervisory Authority. They will jointly examine custody practices related to confiscations and tax enforcement. The government aims to identify vulnerabilities and close regulatory gaps. Officials will also work on drafting stronger safeguards to prevent repeat losses.

The Ministry of Finance confirmed that the state does not hold cryptocurrencies as investments. Instead, government agencies only hold digital assets when they are confiscated in criminal or tax cases. This clarification comes in response to public concerns about the extent of the government’s exposure to cryptocurrency markets.