Officials from the South Korean National Tax Agency propose revising the Criminal Procedure Law to strengthen the rules for the seizure of virtual assets held by individuals

According to Digital Asset, officials from the South Korean National Tax Agency have proposed revising the Criminal Procedure Law to strengthen the rules for the seizure and execution of personal held virtual assets. In June of this year, Zhang Xiyuan and four others published a paper in the journal "Criminal Policy Research", proposing the need for separate regulations on the requirements and procedures for transferring to public wallets or obtaining control.