The Supreme Court of South Korea has just issued a landmark ruling: Bitcoin held in centralized exchange custody has been officially recognized as attachable assets.
What does this ruling mean? In simple terms, it confirms the legal status of digital assets as account assets within exchanges. From an enforcement perspective, prosecutors and courts now have a clearer legal basis to freeze or seize holdings on trading platforms involved in cases.
For users, this is both a risk and a form of protection. The risk is that, in cases involving civil disputes or criminal cases, your coins on exchanges could be subject to judicial enforcement. On the other hand, it also establishes the legal property status of crypto assets — no longer considered "virtual" or "indefinable," but real assets protected and regulated by law.
Such rulings are gradually forming a global trend. Judicial authorities in various countries are advancing the legal framework for crypto assets through specific cases, and exchanges and holders are gaining more legal certainty in this process.
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The Supreme Court of South Korea has just issued a landmark ruling: Bitcoin held in centralized exchange custody has been officially recognized as attachable assets.
What does this ruling mean? In simple terms, it confirms the legal status of digital assets as account assets within exchanges. From an enforcement perspective, prosecutors and courts now have a clearer legal basis to freeze or seize holdings on trading platforms involved in cases.
For users, this is both a risk and a form of protection. The risk is that, in cases involving civil disputes or criminal cases, your coins on exchanges could be subject to judicial enforcement. On the other hand, it also establishes the legal property status of crypto assets — no longer considered "virtual" or "indefinable," but real assets protected and regulated by law.
Such rulings are gradually forming a global trend. Judicial authorities in various countries are advancing the legal framework for crypto assets through specific cases, and exchanges and holders are gaining more legal certainty in this process.