South Korea’s Ministry of Economy and Finance is drafting a basic law on the management of state-owned assets, according to The Block, with the proposed framework intended to improve oversight of newer asset categories including cryptocurrencies. The update was carried by ChainCatcher as a brief news item. The report does not provide further details on the bill’s timeline, scope, or specific provisions, but it identifies crypto as one of the asset types the ministry aims to address under the planned legislation. The move, as described in the report, centers on building a legal basis for handling emerging assets within the broader state asset management system.
South Korea’s Ministry of Economy and Finance is drafting a basic law for the management of state-owned assets, according to The Block, with the measure aimed at more effective oversight of new asset classes including cryptocurrencies.
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