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South Korea's Supreme Court for the first time recognizes: Exchange Bitcoin can be seized
【Crypto World】The Supreme Court of South Korea recently made an important ruling—investigators can seize Bitcoin held by centralized exchanges. This is the first time the Korean judicial system has explicitly recognized digital assets like Bitcoin as “seizable property.”
What does this ruling mean? To put it simply, the legal status of Bitcoin in South Korea has become more concrete. It is no longer considered an intangible or vague asset but is recognized by the judicial system as property that can be frozen and seized. For exchanges, this means regulatory clarity will increase; for investors, it reflects the gradual normalization of crypto assets within traditional legal frameworks.
As a key player in the global crypto market, South Korea’s move is noteworthy. Many countries’ judicial systems are exploring how to handle digital assets, and this precedent set by South Korea could serve as a reference for other regions.