South Korea's virtual asset enforcement procedures officially clarified, covering seizure to cash conversion

Odaily: South Korea's National Court Administration has established cryptocurrency enforcement procedures. The revised Civil Execution Rules took effect on November 1, clarifying the seizure and cash conversion enforcement procedures for virtual assets such as Bitcoin. Addressing both exchange-custodied and personal wallet scenarios, the rules cover seizure, transfer orders, and cash conversion methods such as commissioning exchanges to sell the assets.