Korea is integrating digital assets into higher-level financial system design. According to the Policy Statement of the Korean Government held in Seoul on 15 July, the Ministry of Enterprise Finance plans to introduce the Basic Law on National Assets to include encrypted and other virtual assets in the definition of national assets.

This means that the location of encrypted assets in Korea is moving further from investor protection to national-level asset management and financial infrastructure development. In addition to encrypted assets, the new framework will cover new asset classes, such as intellectual property, to improve the way in which national assets are managed and developed.

The new law proposed to expand the definition of State assets

According to the Korean Ministry of Enterprise and Finance, the new law would re-integrate the classification of State assets and bring together new types of assets that had been less integrated into the system.

This adjustment places more emphasis on the place of digital assets in the long-term financial system than on previous encrypted regulation, which focused on trade norms, risk exposure and investor protection. If the bill landes, the legal status of encrypted assets in the Korean policy system will be further clarified.

Stabilized coins and bitcoins, ETFs are advancing.

The Basic Law on National Assets is not the only project in the Republic of Korea ' s digital asset road map. The Korean Government is also preparing the Basic Law on Digital Assets, which includes the requirements for encryption of business licence plates, hosting standards, and stabilization of the reserve requirements of the issuer.

At the same time, the Korean legislature is also considering the direction of the revision of the Capital Market Act, paving the way for spot bitcoin ETF. The legal framework for the cross-border stabilization of currency transactions is also being studied for the use of digital assets in international payment settlements.

  • The DFA will cover licensing, trust and reserve requirements
  • Existing bitcoin ETF amendments under consideration
  • Rules for cross-border stable currency transactions are being studied simultaneously.

The CCA pilot was set at 2027.

In addition to regulatory legislation, the Republic of Korea is also promoting asset monetization. The Government plans to monetize State-owned real estate through the issue of securities-type tokens (STOs), involving the public in investment and the sharing of benefits.

The Republic of Korea is also planning to launch a pilot in 2027 on the monetization of national debt and to link the project to the Bank of Korea ' s wholesale central bank digital monetary infrastructure. The regulator will assess how the CBDC network operates in synergy with other block-chain networks.

This set of arrangements shows that the Republic of Korea is moving forward in an integrated manner in the same digital financial system with encrypted assets, stable currencies, monetized bonds and CBDCs. For major Asian encryption markets, this also means that policy focus is shifting from single-point regulation to overall institution-building.