Court Orders Bitcoins Confiscated as Illegally Attained Gains

SEOUL, Jan. 31 (Korea Bizwire) — In a first for the justice system, on January 30 the Suwon District Court issued a ruling calling for the confiscation of bitcoins collected for illicit services rendered, essentially recognizing cryptocurrencies as assets of financial value. The 33-year old defendant in the case was convicted of running an illicit website [...]