South Korea moves to classify crypto as national assets

• South Korea plans to update a 76-year-old law to recognise cryptocurrencies as national assets.
• The change would bring digital assets under the country's asset management framework.
• The proposal reflects growing government acceptance of cryptocurrencies.

South Korea plans to amend a 76-year-old law to classify cryptocurrencies as national assets, marking another step in the country's evolving approach to digital assets.

The proposed change would allow cryptocurrencies to be recognised under South Korea's national asset management framework alongside other recognised asset classes.

Officials said the amendment is intended to modernise outdated legislation and reflect the growing role of digital assets in the country's financial system.

South Korea has introduced several crypto reforms in recent years, including stronger investor protections and clearer rules for digital asset businesses.

The proposal comes as governments around the world continue reviewing how cryptocurrencies should be classified under existing financial and property laws.

If approved, the amendment could strengthen the legal status of cryptocurrencies in South Korea and support future digital asset policy development.