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.
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.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
MEVHunterX
· 01-09 16:01
Seized in one hand? Exchange custody is really unsafe. Self-custody never goes out of style.
View OriginalReply0
GateUser-addcaaf7
· 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
GasFeeCrier
· 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
MysteryBoxBuster
· 01-09 15:48
Oh no, now the coins in CEX are no longer safe... Where's the decentralization we promised?
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.