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According to ZDNet Korea, South Korea's National Tax Service plans to select private cryptocurrency asset custody institutions as early as the first half of this year to manage seized virtual assets. The agency is developing selection criteria, with a focus on examining security requirements, corporate scale, and whether insurance has been purchased in accordance with the "Virtual Asset User Protection Act" and other factors.
Previously, due to the accidental leakage of recovery phrases in documents, cryptocurrency assets seized by South Korea's National Tax Service were stolen twice. Subsequently, the agency decided to have professional custody institutions manage the assets instead.