South Korea’s Supreme Court has delivered a decisive ruling that removes lingering legal uncertainty around cryptocurrencies held on centralized exchanges. In a landmark judgment, the court confirmed that Bitcoin stored in exchange accounts can be lawfully seized under the Criminal Procedure Act, firmly placing digital assets within the scope of criminal enforcement.
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South Korea Supreme Court Confirms Bitcoin Held on Exchanges Is Seizable Under Law
South Korea’s Supreme Court has delivered a decisive ruling that removes lingering legal uncertainty around cryptocurrencies held on centralized exchanges. In a landmark judgment, the court confirmed that Bitcoin stored in exchange accounts can be lawfully seized under the Criminal Procedure Act, firmly placing digital assets within the scope of criminal enforcement.