TechFlow news, July 6, according to Digital Asset, the Supreme Court of Korea released a legislative notice for the "Partial Amendment to the Civil Execution Rules" on July 2, planned to be implemented on October 1 after completing the public comment collection.
The draft systematically clarifies the right to claim transfer of virtual assets and the procedures for seizure, execution, and liquidation of the virtual assets themselves, including initiating execution pursuant to court seizure orders, restricting debtors from disposing of relevant assets, and allowing virtual assets with insufficient liquidity to be converted into other digital assets before being sold for cash.
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