South Korea’s National Police Agency Drafts Crypto Custody Rules for Seized Assets

South Korea’s National Police Agency has introduced new guidelines for handling seized cryptocurrencies after multiple security lapses, according to local media outlet Asiae. The directive sets compliance requirements across several stages of digital asset seizure, storage, and management. The update builds on the agency’s broader effort to formalize custody standards for confiscated virtual assets, including earlier measures covering privacy coins, hot wallet operations, and the use of a private custodian.

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