South Korea's Supreme Court clarifies enforcement procedures for crypto assets.
3 hours ago
According to Yonhap News Agency, the Court Administration Office of the Supreme Court of South Korea stated on November 9 that the revised Civil Execution Rules took effect on November 1, formally clarifying procedures for the seizure, transfer, and liquidation of crypto assets such as Bitcoin. Under the new rules, crypto assets held via exchanges can be subject to compulsory enforcement by seizing the user’s asset transfer claim against the exchange. For crypto assets held directly in personal wallets, courts may order the debtor to refrain from disposing of the assets, require their transfer to the custody of enforcement officers, and subsequently sell them in accordance with law or transfer them to creditors. Data shows that civil enforcement cases related to crypto asset exchanges in South Korea have continued to rise: 423 in 2023, 3136 in 2025, and 3186 in the first nine months of 2026.
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