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South Korea Codifies Procedures to Seize, Sell Crypto Assets in Civil Enforcement

South Korea Codifies Procedures to Seize, Sell Crypto Assets in Civil Enforcement

Summary

  • South Korea said amended civil execution rules codifying compulsory enforcement procedures for virtual assets have taken effect, spelling out the process from seizure to liquidation.
  • It said virtual assets held at exchanges will be subject to seizure through a claim for transfer of virtual assets, while altcoins can be exchanged into other virtual assets before being sold.
  • Cases involving virtual-asset enforcement surged from 423 in 2023 to 3,186 in the first nine months of 2026,…

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