South Korea
CRYPTO TIMES
South Korea to Freeze and Sell Crypto Assets Over Debt Default | Supreme Court Issues New Rule
- South Korea's Supreme Court promulgated Rule No. 3280 on October 12, 2026, setting out procedures to freeze, transfer, and liquidate debtors' crypto assets for civil debt collection.
- The rule takes effect November 1, 2026, and applies to crypto assets deposited on exchanges as well as those held in individuals' personal wallets.
- The measure gives creditors a formal legal mechanism to pursue repayment directly from a defaulting debtor's cryptocurrency holdings.