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South Korea's Supreme Court sets new rules to seize and liquidate bitcoin in civil cases from October.

Market News
06 Jul 2026
Bitcoin
View Source
Neutral
pluang ai news

South Korea's Supreme Court has drafted new civil enforcement rules to legally freeze, seize, and liquidate virtual assets like bitcoin during civil litigation. These rules aim to prevent debtors from hiding cryptocurrency to avoid court judgments by allowing courts to issue attachment orders and convert seized tokens into cash or liquid cryptocurrencies. The National Court Administration will collect public feedback until August 11, with full implementation planned for October. This move formalizes cryptocurrency as actionable financial assets in court, building on the 2024 Virtual Asset User Protection Act's regulatory framework.

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Liquidity Services appoints Karen Fascenda as new Chief Human Resources Officer.

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Stablecoin transactions reached a record $1.79 trillion in June, up 63% from May. TRON ranked third among networks, processing $320 billion and handling 385.77 million transactions with nearly 27 million active accounts. TRON's dominance is driven by...

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Zcash falls below $450 as major trader doubles $14.9M short bet amid bearish futures.

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