2026-01-09 03:28:21

The Supreme Court of South Korea has made a key ruling: Bitcoin held by individuals on virtual asset trading platforms such as Upbit and Bithumb is officially recognized as property that can be seized and frozen under the framework of the Criminal Procedure Act. This marks an important step forward in the legal recognition of crypto assets by South Korean judicial authorities since 2018.

The significance of this ruling lies in its first clear affirmation at the highest judicial level of the legal status of digital assets. Virtual currencies held in exchanges are no longer in a legal gray area but are incorporated into the existing criminal procedure framework. This is a milestone recognition for the virtual asset industry and also implies stronger regulatory constraints—individuals' crypto assets will face the same legal risks as traditional financial assets.

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TokenomicsShaman

· 16h ago

This move by South Korea directly brings cryptocurrencies from the gray area into the legal framework. To put it simply, they want both recognition and strict regulation. Now, exchanges' coins are also subject to freezing, so how should holders adjust their mindset?

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Whale_Whisperer

· 01-10 14:24

Oh wow, Korea's move directly brings crypto assets into the open, eliminating the gray areas. Now exchange-held coins can be frozen just like money in bank accounts, this is getting a bit tense.

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GasFeeCrier

· 01-09 03:57

Wow, Korea is about to fully incorporate cryptocurrencies into the legal framework this time, the gray areas are gone.

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NeverVoteOnDAO

· 01-09 03:43

Alright, Korea's move this time is indeed fierce. Cryptocurrency is no longer something in a legal vacuum. To put it simply, they want to treat our coins like money, making it easy to freeze and seize them just like freezing property. This is going to be interesting. Honestly, I've been waiting for a day like this. Instead of hiding and sneaking around, it's better to have clear rules. The only concern is that future restrictions might even limit trading.

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GweiWatcher