South Korea weighs new legal framework for seizing self custodied cry…

South Korea is developing a legal framework to enable government seizure of self-custodied cryptocurrency assets, expanding state powers beyond exchange-held funds. The move signals a shift toward treating private crypto wallets as accessible state property for enforcement and tax purposes. If you're building custody or wallet infrastructure in South Korea, the legal ground beneath self-custody just shifted - the state is claiming the right to seize private keys directly. Migrate your Korean users offshore or rebuild your product around government-accessible wallets before this law passes.