🇰🇷 South Korea is moving toward giving courts broader authority to seize cryptocurrency from debtors as part of civil debt enforcement.
Under the proposed Supreme Court rules, digital assets could be frozen, confiscated, and liquidated to repay outstanding obligations owed to creditors.
The country has already demonstrated a willingness to target crypto assets in legal proceedings. Prosecutors previously froze approximately 246.8 billion won (around $186 million) in Terra-related holdings, including assets linked to Do Kwon.
$BTC
Under the proposed Supreme Court rules, digital assets could be frozen, confiscated, and liquidated to repay outstanding obligations owed to creditors.
The country has already demonstrated a willingness to target crypto assets in legal proceedings. Prosecutors previously froze approximately 246.8 billion won (around $186 million) in Terra-related holdings, including assets linked to Do Kwon.
$BTC