South Korea’s National Authorities Firm (KNPA) has actually apparently prepared brand-new standards for managing took cryptocurrencies, consisting of privacy-focused properties, as authorities transfer to standardize how digital possession proof is kept and handled.
According to a report by regional media outlet Asiae, the KNPA finished a draft regulation laying out compliance requirements at each phase of crypto seizure. The regulation consists of procedures for handling software application wallets required to manage crypto properties and privacy-focused tokens.
An authorities representative informed Asiae that as investigative paradigms modification, field private investigators require methodical standards in addition to suitable assistance. “In the past, took properties were kept in storage facilities. Now we should handle wallet addresses and personal secrets,” the representative stated.
The relocation follows current cases in which took cryptocurrencies were lost or mishandled while in federal government custody, triggering closer examination of possession management practices.
Cointelegraph connected to the National Authorities Firm and the Supreme District Attorneys’ Workplace for remarks, however had actually not gotten an action by publication.
KNPA to choose custody company to manage taken crypto
According to Asiae, the KNPA likewise prepares to complete the choice of a personal custody company within the very first half of 2026. In 2025, 3 different bidding efforts to discover a custody company apparently stopped working after companies that used were considered inappropriate.
Asiae likewise reported that spending plan restrictions postured a difficulty. The report stated the authorities assigned just 83 million won (about $55,600) to manage taken crypto properties, regardless of the threats included.
Related: South Korea fines Bithumb $24M, orders 6-month partial service suspension
Based upon cases with settled court judgments, Asiae approximated that the worth of crypto taken by authorities in the last 5 years amounts to 54.5 billion won (about $36.5 million).
This consists of roughly 50.7 billion won in Bitcoin (BTC) and 1.8 billion won in Ether (ETH).
Phishing event highlights crypto custody threats
The brand-new draft standards for handling took cryptocurrencies follow increased examination of custody practices after a phishing event including government-held Bitcoin previously this year.
On Jan. 23, authorities with the Gwangju District District attorneys’ Workplace found throughout a regular examination that about 320 Bitcoin had actually gone missing out on from district attorneys’ custody throughout an examination in August 2025.
On Feb. 19, district attorneys reported that they had actually suddenly recuperated the missing out on BTC after the unidentified hacker returned the taken crypto.
On March 10, the district attorneys stated they had actually offered the properties and moved about 31.59 billion Korean won (about $21.5 million) to the nationwide treasury.
Publication: Metaplanet’s Japan Bitcoin wager, Bithumb purchased suspension: Asia Express