PANews|7月 20, 2026 07:17
[South Korean National Tax Service Official Proposes Amendment to the Criminal Procedure Act to Strengthen Rules on Seizing Personally Held Virtual Assets]
According to a report by Digital Asset, an official from the South Korean National Tax Service has proposed a legislative amendment, arguing that it is necessary to revise the Criminal Procedure Act to enable the seizure of personally held virtual assets (digital assets). Personally held digital assets refer to assets where the private key is directly held by the individual, without the need to entrust a third party (such as an exchange) for custody or management.
In June of this year, four individuals, including Jang Hee-won, head of the National Tax Service's investigation team, published a paper titled 'Limitations and Legislative Review of Seizure Enforcement for Self-Custodied Virtual Assets' in the journal *Criminal Policy Studies* by the Korean Institute of Criminology and Justice. The paper explains that specific provisions must be established for the requirements and procedures related to transferring assets to public wallets or gaining control over them.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink