South Korea to modify 76-year-old law to classify cryptocurrencies as national assets

60-second summary

South Korea is set to modify its 76-year-old law to classify cryptocurrencies as national assets, marking a significant shift in regulatory stance. The government reaffirms plans to pilot tokenized government bonds next year and explore tokenizing state-owned real estate. This move could encourage investment and adoption, potentially boosting the local cryptocurrency market and driving innovation in the financial sector.