Quote from: teddyppap on May 30, 2018, 11:44:05 PM

Quote from: imyashir on May 30, 2018, 10:54:13 PM

The South Korean Supreme Court has ruled that cryptocurrency is an asset with economic value that can be confiscated. In the case involving a porn site and 191 confiscated BTC, the countrys top court upheld a district courts ruling.

what can you say here on this news I read, because of the porn site and 191btc that has been confiscated now that it is holding the korean supreme government.

Read the full articles: https://news.bitcoin.com/korean-supreme-court-cryptocurrency-asset-economic-value/

For the first time in history, a trial in Korea recognizes the economic value of Bitcoin (BTC). This seems to conflict with the previous hearing when ignoring the value of digital money. The case relates to a 191 BTC confiscation case. This time, on the grounds that "The law prohibits unlawful income arising from property assets such as cash, deposits, shares and other valuable economic assets, "the court stated that" the BTC can be converted into money through transactions, which can be used as a means of payment, so it should be treated as an asset. bring in economic value to the owner, "of the 216 BTCs that were seized, up to 191 of Ahn's BTC originated from the emails of porn site members he is managing, so it may It is considered illegal and confiscated. " Since the arrest of Ahn in April 2017, the price of BTC started to increase sharply.

it's really great to see finally authorities recognizing the value of bitcoin. I believe it's the setp towards the right direction, we're only at the beginning of the whole journey