South Korea to bring crypto under new state asset management law
The Block·
60-second summary
South Korea's Ministry of Finance and Economy is establishing the 'National Asset Basic Act' to update the government's asset management system, bringing crypto under the new law. The law aims to enhance transparency and accountability in managing state assets, with no specific details on crypto regulations yet. This move may clarify crypto's status in the country's financial landscape.
The Ministry of Finance and Economy said it will establish the 'National Asset Basic Act' to update the government's asset management system.