South Korea’s Top Court Rules Bitcoin on Exchanges Can Be Seized

TL;DR:

South Korea's Supreme Court issued its first ruling on December 11 establishing that Bitcoin held on platforms like Upbit and Bithumb qualifies as seizable property under the Criminal Procedure Act, citing electronic tokens with independent management and economic value as meeting confiscation stand...

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence BTC price action and market sentiment in the near term.