South Korea to bring crypto under new state asset management law

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The South Korean government has decided to include virtual assets within the regulatory scope of the National Asset Management Act. This move aims to accelerate the institutionalization of the virtual asset market and enhance transparency. Investors should note the potential for improved legal protection, reduced market volatility, and the entry of institutional investors.

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The integration of virtual assets into national regulatory frameworks signals a shift toward legitimizing digital currencies as formal assets. By standardizing oversight, the government intends to curb illicit activities and create a stable investment environment. While this transition introduces stringent compliance requirements, it is a crucial step for market maturity and long-term integration with traditional finance.

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