02.03.2026
South Korea revises rules for storing confiscated digital assets after cryptocurrency incidents
TheSouth Korean government has announced that it is launching a review of its system for storing and managing confiscated digital assets, including cryptocurrency. The decision comes amid recent incidents related to security and transparency in the handling of seized digital assets.According to the Ministry of Justice, the country's confiscated digital assets exceeded 1.2 trillion won (about $900 million) in 2025. The growing number of cases involving crypto-assets requires more efficient and secure storage procedures to prevent unauthorized access, loss, or misuse.The reform considers the introduction of specialized digital vaults with a multi-layered security system, as well as regular auditing of transactions involving confiscated assets. Special attention will be paid to the creation of transparent tracking and reporting mechanisms, which should increase public confidence in the justice system.In addition, it is planned to strengthen interaction between government agencies, financial regulators and technology companies to share experience and implement best practices. The updated rules are expected to promote efficient management of digital assets and reduce the risks associated with their custody.The government emphasizes that these measures are aimed at protecting the public interest and strengthening South Korea's position as one of the leaders in the regulation of digital financial instruments.