The Supreme Court in South Korea has ruled that Bitcoin is “subject to confiscation” noting that the “The cryptocurrency is recognized to have value so it can be confiscated.” South Korea has been extremely strict when it comes to cryptocurrencies to the extent of banning ICOs. However, lately, the country is becoming highly crypto-progressive and could be moving towards legalization of virtual assets. More to follow FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Litecoin technical analysis: LTC/USD retains upside momentum, with price forming a bullish pennant pattern, pending potential breakout higher FX Street 5 years The Supreme Court in South Korea has ruled that Bitcoin is "subject to confiscation" noting that the "The cryptocurrency is recognized to have value so it can be confiscated." South Korea has been extremely strict when it comes to cryptocurrencies to the extent of banning ICOs. However, lately, the country is becoming highly crypto-progressive and could be moving towards legalization of virtual assets. More to follow Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.