South Korea to modify 76-year-old law to classify cryptocurrencies as national assets
The government also reaffirmed plans to pilot tokenized government bonds next year and explore tokenizing state-owned real estate.
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Summary
- South Korea plans to revise its 1950 National Property Act to classify virtual currencies and intellectual property as national assets and modernize management of state-owned property.
- The government will pilot tokenized government bonds in 2027, explore tokenizing state-owned real estate for retail investors, and link these systems to the Bank of Korea’s central bank digital currency infrastructure.
- Legal amendments taking effect Feb. 4, 2027, will give blockchain-based ledgers formal recognition as security registries under the Capital Markets Act and the Electronic Act.
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
