South Korea Plans to Add Crypto to State Asset Management Law

South Korea will include cryptocurrency in a forthcoming state asset management statute, according to a report posted by @WatcherGuru. The legislation, titled the National Asset Basic Act, would place Bitcoin and other digital assets inside the government's formal asset-management system.

Background on the Measure The same report states that Bitcoin would receive the designation of strategic state asset once the law takes effect. No timetable for passage or implementation was provided in the post. No named officials or agencies were identified in the announcement.