The South Korean National Police Agency has introduced its first set of guidelines for managing privacy coins, also known as "dark web coins," due to their strong transaction anonymity. The guidelines are part of a draft regulation on the seizure of crypto assets, which now includes rules for managing software wallets. The police highlighted the difficulty of managing privacy coins through hardware wallets, necessitating a separate storage and management strategy. Over the past five years, South Korean police have seized approximately 54.5 billion won in crypto assets, including about 50.7 billion won in Bitcoin and 1.8 billion won in Ethereum.
South Korea Police Establish Guidelines for Managing Privacy Coins
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