South Korea, one of the world’s biggest crypto markets with nearly 15% to 20% of global trading volume, is planning to bring cryptocurrencies under a new national asset law.  

The move also comes alongside plans for stablecoins, tokenized bonds, and spot Bitcoin ETFs.

South Korea State Asset Law to Include Crypto

On July 15, during a government policy briefing at Seoul’s Presidential Blue House, South Korea’s Ministry of Economy and Finance announced plans to introduce the National Asset Basic Act. 

A new law that would expand the definition of national assets by including cryptocurrencies and other virtual assets.

The ministry said the new framework will also cover emerging asset classes such as intellectual property while…