🇰🇷 SOUTH KOREA COULD FORCE DEBTORS TO SELL CRYPTO TO PAY UP
South Korea's Supreme Court has proposed new rules for taking crypto from debtors and using it to repay creditors.
Key Points:
🔹 Courts can freeze, seize, and sell crypto in civil cases
🔹 Seizure order blocks debtors from moving or selling assets
🔹 Creditors can receive crypto directly or via market sale
🔹 Illiquid altcoins can be converted into
$BTC before sale
🔹 Wallets can be frozen BEFORE final judgment
Korea has done this before. Prosecutors froze 246.8B won (~$184M) in Terra-linked assets, plus a separate 233.3B won ($174