South Korea's Supreme Court Clarifies Enforcement Procedures for Crypto Assets

November 9 — According to Yonhap News Agency, the Court Administration Office of the Supreme Court of South Korea stated on November 9 that the revised "Civil Execution Rules" took effect on November 1, formally clarifying the procedures for seizure, transfer, and liquidation of crypto assets such as Bitcoin.

Under the new rules, crypto assets held through trading platforms can be enforced through seizure of the user's claim for asset transfer against the trading platform; for crypto assets held directly in personal wallets, courts may order a prohibition on the debtor disposing of the assets and require their transfer to the custody of an execution officer, followed by sale or transfer to creditors in accordance with the law.

Data shows that civil enforcement cases involving crypto asset trading platforms in South Korea have continued to increase, from 423 cases in 2023 to 3,136 cases in 2025, and have already reached 3,186 cases in the first nine months of 2026.