2026-01-09 07:30:03

A major legal precedent just emerged from South Korea's top court. For the first time, the Supreme Court has determined that bitcoin and other cryptocurrencies held on major trading platforms constitute legally recognizable assets under the Criminal Procedure Act. This means digital holdings on exchanges like Upbit and Bithumb can now be subject to seizure in criminal proceedings—treating them the same way as traditional financial assets. The ruling essentially recognizes crypto as electronically recorded property with tangible economic value, marking a significant shift in how courts view digital currency ownership and control.

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EntryPositionAnalyst

· 10h ago

The Korean Supreme Court's move, the crypto world is about to change.

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TokenomicsDetective

· 11h ago

Wow, the South Korean Supreme Court has finally recognized cryptocurrencies. Now exchanges' coins can also be frozen.

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BearHugger

· 01-09 07:59

Korea has really started treating cryptocurrencies as assets now. We just have to wait and see when China will follow suit.

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fork_in_the_road

· 01-09 07:58

The Korean court has finally recognized it, but now exchanges also need to be cautious.

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ContractHunter

· 01-09 07:54

Korea's move was brilliant; exchange tokens finally have legal protection.

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OldLeekNewSickle

· 01-09 07:53

Ha, now it's all good. Cryptocurrencies in exchanges can also be frozen. The nightmare for exit scamters has arrived. --- In other words, it's adding "legal shackles" to the crypto world. It used to be vague, but now it's clearly written into the law. --- I've said it before, as long as the government wants to, they can track every single one of your coins. Don't expect complete freedom anymore. --- Be careful, all you retail investors. Not only do you need to guard against scams, but also legal risks. Holding coins these days has become a risk exposure. --- With South Korea's move, will other countries around the world be far behind? Regulatory waves are already a done deal. --- I bet five bucks that many people are now pondering how to transfer to cold wallets.

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