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South Korea revises the Property Act; by 2027, cryptocurrencies will be officially classified as part of national assets
The Ministry of Planning and Finance of Korea disclosed that the country will revise the National Property Act issued in 1950, incorporating virtual currencies and intellectual property rights into the definition of national assets. This bill amendment is scheduled to take effect on February 4, 2027.
The new rules will recognize that blockchain ledgers, in capital markets and related laws on electronic transactions, have the effect of securities registration. Supporting implementation measures are being advanced in parallel: the tokenized deposit testing for government spending will be launched in the fourth quarter of this year, and in 2027, a tokenized government bond pilot will also be rolled out under the central bank digital currency (CBDC) system.
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