South Korea drafts rules for court-ordered crypto seizures
Covered by 3 sources · 3 articles
3 outlets - including Coinedition, Crypto-economy and Cryptopolitan - are covering this story. South Korea’s Supreme Court has proposed updating the country’s Civil Execution Rules to establish formal procedures for seizing crypto assets when courts need to enforce their decisions. Until now, courts in South Korea could legally seize…
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South Korea Supreme Court Sets New Rules for Crypto Asset Seizures
South Korea’s Supreme Court has proposed updating the country’s Civil Execution Rules to establish formal procedures for seizing crypto assets when courts need to enforce their decisions. Until now, courts in South Korea could legally seize…
South Korea Supreme Court Drafts Crypto Seizure Rules
South Korea’s Supreme Court has pre-announced a partial amendment to the Civil Execution Rules that would spell out how courts seize, sell and convert virtual assets into cash, Newsis reported July 5. The draft, announced July 2, is designe…
South Korea drafts rules for court-ordered crypto seizures
South Korea, where more than 16 million people—roughly one-third of the population—hold cryptocurrency accounts, is in the process of formulating one of the tightest judicial frameworks anywhere when it comes to seizing digital assets for s…