https://bitcoinmagazine.com/articles/south-korean-supreme-court-rules-bitcoin-asset/ I read about this news that in south korea bitcoin is legally become recognizeable as asset. I do think bitcoin is a currency and not an asset. I dont know whether this is good news or not for cryptocurrency. One thing i believe with legalization from goverment i do think more investors will come to invest in bitcoin, but i think if bitcoin become an asset its not as it suppose to because i believe bitcoin should be a currency which is currency is for transaction and asset is not for transaction.
Most people have been using Bitcoin as an asset for a long time. Few people use it as money to purchase things with. Most people even learned about Bitcoin as an investment.
This was actually a case where a person had obtained money (Bitcoins) via illegal activities, and the government previously couldn't confiscate the money because according to the law in South Korea, Bitcoin was not considered a tangible asset. This new decision was specifically to confiscate those Bitcoins by declaring Bitcoins as an asset.