South Korea is rewriting the law that governs everything the state owns, and crypto is going in. At a policy briefing held at the Blue House on July 15, the Ministry of Economy and Finance said it plans to introduce the National Asset Basic Act, which will replace the State Property Act of 1950. That old statute was built for a government whose wealth sat almost entirely in land and buildings. The new one adds virtual assets and intellectual property to the list.

It is the first overhaul of the state asset system in 76 years, and it says something about where Seoul thinks value now lives.