South Korea has made its position clear: starting November 1, there will be rules governing the entire process of converting seized virtual assets into cash. Previously, most seized coins could only be locked away in cold wallets, sometimes stuck there for years while cases dragged on. Now courts can freeze them, require exchanges to cooperate with their transfer, and sell them at market prices to repay debts. Assets with poor liquidity can even be converted into major cryptocurrencies before being sold.
Mige thinks this creates real potential selling pressure in the short term: now that seized coins have a way onto the market, they’ll eventually return to circulation. But in the long run, it’s a good thing—ownership and liquidation are now governed by law, giving institutions more confidence. Bitcoin is currently hovering around $74,100, down nearly 2% in the past 24 hours. There’s no need to rush into buying or selling based on this news alone.
What do you think? Is the selling pressure from courts selling in batches really the same as exchanges making their usual sales? #韩国明确虚拟资产扣押变现规则
Mige thinks this creates real potential selling pressure in the short term: now that seized coins have a way onto the market, they’ll eventually return to circulation. But in the long run, it’s a good thing—ownership and liquidation are now governed by law, giving institutions more confidence. Bitcoin is currently hovering around $74,100, down nearly 2% in the past 24 hours. There’s no need to rush into buying or selling based on this news alone.
What do you think? Is the selling pressure from courts selling in batches really the same as exchanges making their usual sales? #韩国明确虚拟资产扣押变现规则