A civil servant in South Korea has been the subject of outrage after he sold his cryptocurrency assets just days before the government announced new regulations on cryptocurrencies. The unidentified government employee apparently made 7 million Korean won on the selling of his crypto stash (the equivalent of $6,550).

Following widespread criticism and anger directed at the civil servant, the government of South Korea is now considering enforcing new codes of conduct for those in similar positions. In a statement made on Tuesday the 23rd of January, 2018, The PM said that many people were angry that a man responsible for overseeing and governing cryptocurrency in the country had made money from trading his own cryptocurrency.

He went on to say that he recognised that people were especially angry that the man had taken advantage of information not yet known to the public and profited off of this knowledge, rather than fulfilling his duty to act as the country\'s watchdog. According to the latest reports, in response to the anger of the public, Prime Minister Lee Nak-yon has announced that investigations are underway and that new codes of conduct will be enforced in government departments that deal with such matters.