South Korean Police Establish Guidelines for Seized Darkcoins

South Korean police have developed their initial formal guidelines for handling seized darkcoins, following the confiscation of approximately 54.5 billion won ($39.5 million) in virtual assets over the past five years. According to NS3.AI, the draft guidelines outline compliance procedures for each stage of the seizure process and include a management plan for hot wallets containing darkcoins and other seized cryptocurrencies. The confiscated assets comprise around 50.7 billion won ($36.7 million) in Bitcoin and 1.8 billion won ($1.3 million) in Ethereum.