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South Korea Revises 1950 National Property Act to Classify Cryptocurrencies as National Assets by 2027

2026-07-15 18:22:03

According to the Ministry of Economy and Finance, South Korea plans to revise the 1950 National Property Act to classify virtual currencies and intellectual property as national assets, with legal amendments taking effect February 4, 2027. The move will formally recognize blockchain-based ledgers as security registries under the Capital Markets Act and the Electronic Act. The government will also begin testing tokenized deposits for government spending in the fourth quarter of this year, ahead of a planned 2027 pilot for tokenized government bonds linked to the Bank of Korea's CBDC infrastructure.

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