South Korea Revises 76-Year-Old Law to Include Cryptocurrencies as National Assets
On July 15, 2026, South Korea announced plans to amend its National Property Act, originally enacted in 1950, to classify cryptocurrencies and intellectual property as national assets. This initiative is part of a broader effort to modernize public finance and includes plans for tokenized government bonds, as reported by CoinDesk.
South Korea is set to update its National Property Act to officially recognize cryptocurrencies and intellectual property as national assets. The revision aims to modernize the management of state-owned properties, aligning them with contemporary economic realities.
The government plans to launch a pilot program for tokenized government bonds in 2027, emphasizing that blockchain technology could enhance transaction efficiency and reduce costs. Additionally, there is exploration into the tokenization of state-owned real estate to allow broader retail participation in investments.
This move builds on previous efforts by the South Korean government to integrate blockchain solutions into public finance. Earlier in 2026, plans were announced to experiment with tokenized deposits for government spending, demonstrating a clear shift towards incorporating digital assets into the financial system.
Legal amendments to the Capital Markets Act and the Electronic Act are slated to take effect on February 4, 2027. These changes will grant blockchain-ledger systems formal legal recognition as security registries, further solidifying the regulatory framework surrounding digital assets.
The overarching goal of these measures is to create a comprehensive legal structure that supports the management of national assets in a digital economy. The Bank of Korea, which is also conducting trials of a central bank digital currency (CBDC), aims to connect these new initiatives to its existing digital currency infrastructure.
This direction signals South Korea's commitment to remain at the forefront of blockchain integration in the public sector, and it sets a precedent for potential future regulatory advancements in the blockchain space.
Summary based on original reporting by Olivier Acuna at CoinDesk, originally published Jul 15, 2026. SolanaWire does not republish source content.
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