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South Korea plans new state asset management law for crypto

The Ministry of Finance and Economy says the change will update the government’s asset management system through a new National Asset Basic Act framework.

Reported · Written up by our desk · Regulation

South Korea is set to bring cryptocurrencies under a new state asset management law, aiming to update how the government handles digital assets. The Block reports the Ministry of Finance and Economy will establish the National Asset Basic Act to revise the country’s asset management system.

The ministry said the new law is intended to modernize the government’s approach, though details of implementation were not provided in the available summary. The Block notes the effort is part of broader steps to regulate crypto within state oversight.

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