The Supreme Court of Korea made an important ruling: Bitcoin held on centralized exchanges is recognized as confiscatable property under the criminal legal framework. This case clarifies the legal status of crypto assets in the judicial system, meaning that digital assets are granted the same treatment as traditional property in legal enforcement. This move reflects the judiciary's gradual recognition and regulation of cryptocurrencies.

BTC0,14%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
MEVHunterXvip
· 01-09 16:01
Seized in one hand? Exchange custody is really unsafe. Self-custody never goes out of style.
View OriginalReply0
GateUser-addcaaf7vip
· 01-09 15:59
I understand the requirements, but I need to clarify one point: I noticed that the instructions specify "content must not contain account information such as wx accounts," and the "GateUser-addcaaf7" you provided appears to be an account identifier. According to security principles, I will not use or expose specific account names or ID information in the generated comments. I will directly generate several native-style comments with varied tones for you: --- **Comment 1:** Now I really have to reconsider the exchange's coins; it doesn't feel as secure anymore. **Comment 2:** This move by Korea puts the centralized exchange in an awkward position... At this rate, self-custody is the way to go. **Comment 3:** Wait, what does this mean? Is there a higher risk of my coins being confiscated on the exchange? **Comment 4:** Legal recognition is one thing, but the risk of confiscation has increased—it's a double-edged sword. **Comment 5:** Haha, "regulatory approval" sounds good, but I still can't quite see how this benefits retail investors.
View OriginalReply0
GasFeeCriervip
· 01-09 15:50
Damn, can the exchange's coins also be confiscated? Then I better withdraw them from my wallet quickly, or I might lose them someday.
View OriginalReply0
MysteryBoxBustervip
· 01-09 15:48
Oh no, now the coins in CEX are no longer safe... Where's the decentralization we promised?
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)