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South Korea Amends 76-Year-Old Law to Recognize Cryptocurrencies as National Assets

South Korea Amends 76-Year-Old Law to Recognize Cryptocurrencies as National Assets
South Korea is set to amend a 76-year-old legal framework to officially classify cryptocurrencies as national assets. This landmark move aims to integrate digital currencies like Bitcoin (BTC) and Ethereum (ETH) into the country's financial system, enhancing regulatory clarity and investor protection. The amendment reflects growing institutional adoption and positions South Korea as a leader in crypto regulation. Analysts view this as a bullish signal for the market, potentially boosting demand for major coins and altcoins. The revised law will require exchanges to comply with stricter reporting standards, aligning with global trends in digital asset management.
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