Gate News message, on April 13, the Korea Board of Audit and Inspection released the “Report on the Actual Status of Monitoring the Operation and Management of the Senior Welfare System,” requiring the Minister of Health and Welfare to amend relevant laws and include digital assets within the asset calculation scope reviewed for basic pensions (a retirement subsidy provided by the Korean government to low-income elderly people). The Board of Audit and Inspection stated that digital assets have clear economic value, but the asset range specified under the current basic pension law does not include digital assets, which may cause people holding large amounts of digital assets to still be included among those eligible to receive basic pensions. The Board of Audit and Inspection argued that digital assets should be treated as assets with clearly defined economic value; even if their form differs from traditional financial assets, there is no difference in the value of the assets themselves. The Ministry of Health and Welfare agreed, saying it is necessary to prevent the relatively higher-income top 70% of the non-income segment from receiving basic pensions, and it agreed that digital assets should be included in the asset calculation scope.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Mike Novogratz: The 《CLARITY Act》 was submitted to the committee for review in May, with an estimated approval rate of 50%
Galaxy Digital CEO Mike Novogratz said in a podcast episode he posted on YouTube on April 25 that the U.S. “CLARITY Act” will be submitted to a Senate committee for review during the first week of May, and it is expected that Trump will complete the signing in June. Alex Thorn, head of research at the firm, estimates the probability that the bill will pass in 2026 at 50%.
MarketWhisper27m ago
Japan's FSA Outlines Dual-Track Strategy for Digital Assets: Investor Protection and Financial Infrastructure
Gate News message, April 26 — Japan's Financial Services Agency is pursuing a two-pronged approach to digital asset regulation, balancing investor protection with infrastructure innovation, according to remarks by Shigeru Shimizu, Head of Risk Analysis at the FSA, delivered April 21 at a
GateNews2h ago
Tennessee Becomes Second U.S. State to Ban Crypto ATMs Statewide
Gate News message, April 26 — Tennessee has become the second U.S. state to outright ban cryptocurrency ATMs, with Gov. Bill Lee signing House Bill 2505 into law on April 13 after unanimous passage in both chambers. The law will take effect on July 1 and makes it a misdemeanor to operate or host
GateNews2h ago
Study Finds Only 3% of Polymarket Traders Are Skilled, Capturing Over 30% of Gains
Gate News message, April 26 — A new academic paper analyzing Polymarket transactions from 2023 through 2025 concludes that the platform's accuracy reflects "the wisdom of an informed minority, not the wisdom of the crowd." The research, revised April 25 by scholars from London Business School and
GateNews3h ago
DOJ Drops Probe into Powell, Clearing Path for Crypto-Friendly Kevin Warsh to Lead Fed
Gate News message, April 26 — The U.S. Department of Justice has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, clearing the way for the Senate to confirm Kevin Warsh as the next Fed chair. U.S. Attorney for the District of Columbia Jeanine Pirro announced the
GateNews3h ago
US Sanctions Iran-Linked Crypto Wallets Holding $344M Frozen by Tether
U.S. Treasury Secretary Scott Bessent announced sanctions on multiple wallets linked to Iran as part of President Donald Trump's efforts to increase economic pressure on the country amid an ongoing ceasefire, according to CNN. The action followed Tether's freeze of $344 million in USDT on Tron,
CryptoFrontier4h ago
