South Korea puts crypto exchanges on a seven-day clock under new seizure rules

South Korea is nearing an Aug. 11 deadline for public comments on proposed crypto seizure rules that could give exchanges just seven days to disclose customer holdings once served with a court order. The Supreme Court’s proposed amendments to the Civil Execution Rules would create a standardized process for creditors to freeze, identify and liquidate virtual assets held by debtors. If finalized on the current timetab…