South Korea establishes crypto seizure guidelines for police

South Korean police have drafted new guidelines for seizing and handling cryptocurrencies after previous custody lapses where digital assets were not properly secured. These guidelines establish clear procedures for how law enforcement should handle crypto assets when seized during investigations. The move addresses a gap in regulatory infrastructure where police departments had no standardized methods for storing or managing confiscated cryptocurrencies. South Korea is one of the world's largest crypto markets, so establishing clear seizure rules is significant for the entire industry. This represents a mature regulatory approach that treats crypto like other assets that can be seized as evidence or criminal proceeds. The guidelines also help protect seized assets from loss or theft.