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South Korea plans to update national assets law to include crypto
The government also plans a 2027 pilot for tokenized government bonds, with blockchain-linked securities registries and CBDC infrastructure changes.
South Korea plans to revise a decades-old national assets framework to formally include cryptocurrencies and intellectual property in the country’s definition of national assets, according to a Ministry of Economy and Finance economic policy roadmap reported by CoinDesk.
The planned legal updates involve modifying the 1950 National Property Act and creating a broader framework for managing state-owned assets, with amendments scheduled to take effect Feb. 4, 2027.
CoinDesk reports South Korea will pilot tokenized government bonds in 2027 and explore tokenizing state-owned real estate to allow retail investors to participate and share in investment returns.
The roadmap also calls for linking the tokenized government bond system to the Bank of Korea’s central bank digital currency infrastructure, and for legal amendments to the Capital Markets Act and the Electronic Act that would recognize blockchain-based ledgers as security registries.