South Korea’s Ministry of Economy and Finance is drafting a basic law on state asset management that would cover newer asset classes, including cryptocurrencies, according to Odaily. The proposed legislation is aimed at managing state-owned assets under a unified legal framework. The brief did not disclose a timeline for the bill, the scope of assets to be covered beyond crypto, or specific provisions under consideration. The report only states that cryptocurrencies are among the new types of assets expected to fall within the law’s management framework.
South Korea’s Ministry of Economy and Finance is drafting a basic law on state asset management to oversee newer asset classes, including cryptocurrencies, according to Odaily.
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