Government Regulations South Korea proposes new rules for seizing self-custody crypto wallets July 20, 2026 Share By SC Staff (Adobe Stock) Coin Central reports that South Korea is proposing new legal amendments to address the seizure of self-custody cryptocurrency wallets during criminal investigations. The draft law aims to establish clear procedures for securely transferring and managing these digital assets under court supervision, addressing existing gaps in criminal seizure provisions. South Korea's proposed legislation seeks to amend the Criminal Procedure Act to accommodate the seizure of digital assets held in self-custody wallets, such as hardware wallets. Current laws are insufficient for these assets, which are controlled directly by private keys and not through third-party exchanges. A research paper highlighted that existing seizure procedures, which were validated for exchange-held Bitcoin in a 2025 Supreme Court decision, do not adequately cover assets outside of centralized custody. The proposal includes specific requirements for seizure warrants, detailing asset type, quantity, wallet address, and transfer methods. To mitigate risks associated with private key control, the plan recommends transferring seized assets into jointly managed wallets overseen by both courts and investigative authorities, rather than relying solely on access credentials. This move aims to reduce theft and misuse of seized cryptocurrencies, enhancing security and legal oversight in digital asset investigations. Source: Coin Central SC Staff Related Government Regulations Pentagon suspends CMMC phase 2 cybersecurity requirements SC Staff July 14, 2026 The suspension of CMMC Phase 2 was announced by Defense Department Chief Information Officer Kirsten Davies and Under Secretary of Defense for Acquisition and Sustainment Michael Duffey. Government Regulations EU proposes minimum age for unsupervised social media use SC Staff July 13, 2026 The proposed regulations stem from a report by a panel of experts convened to address the harms associated with social media. Government Regulations Regulatory frameworks are enablers, not burdens Chris Mierzwa July 10, 2026 When done correctly, regulations can help companies restore operations quickly and maintain trust after a breach. Get daily email updates SC Media's daily must-read of the most current and pressing daily news Business Email By clicking the Subscribe button below, you agree to SC Media Terms of Use and Privacy Policy . Subscribe Related Terms Business Impact Analysis (BIA) British Standard 7799 Chain of Custody Competitive Intelligence Data Custodian Due Care Due Diligence You can skip this ad in 5 seconds