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South Korea Supreme Court Says Bitcoin on Upbit and Bithumb Can Be Seized Under Criminal Law
On December 11, South Korea's Supreme Court ruled that Bitcoin kept on domestic exchanges such as Upbit and Bithumb qualifies as seizable property under the Criminal Procedure Act, ending years of uncertainty over crypto assets in investigations. The court found that Bitcoin's status as an electronically recorded token with independent management and economic value meets seizure criteria, while regulators move to expand preemptive account freezes and levy tens of billions of won in AML penalties on major platforms.