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Seoul plans asset management overhaul to include crypto

From tradersunion.com

​South Korea is preparing a new state asset management law that would bring cryptocurrencies and other modern asset classes into the government’s formal asset framework. The move signals a shift from a property-based system built for the postwar economy toward one designed for digital assets, intellectual property, and value creation. The Finance Ministry said it will establish a National Asset Basic Act to update how the government manages state-owned assets, The Block reported. Officials said the existing State Property Act, introduced in 1950, was designed for an era when government assets were centered mostly ... (full story)

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