South Korea's Supreme Court has ruled that Bitcoin held by individuals on virtual asset exchanges like Upbit and Bithumb can be seized under the Criminal Procedure Act. This decision builds on a 2018 ruling that classified Bitcoin as an asset that can be confiscated by the state. The court clarified that the scope of seizure is not limited to physical objects but also includes electronic information. As Bitcoin is a digital token with economic value, independently managed and controlled by private keys, it can legally be seized by investigative authorities.