Ahn’s sentence will remain the same, however, he’ll have to sacrifice 191 bitcoins, value about $1.4 million at press time along with a few $654,000 in cash. Tracking Ahn’s trades on Bitcoin’s ledger, the court was able to ascertain how many bitcoins he acquired as payment.
“It isn’t suitable to confiscate bitcoins since they are in the form of electronics without bodily things, unlike cash,” the court ruled. “digital money cannot assume an objective standard value. ”

“Korean legislation stipulates that a seizable hidden advantage ranges from cash, deposits, stocks, and other kinds of abstract and concrete items holding standard value,” the judgment from that Tuesday reads. “Bitcoin is intangible and stems in the form of digitized files, but it is traded on an exchange and may be used to purchase goods. Thus, receiving bitcoins is a means of earning profits. ”
The nation ’s Supreme Court thinks otherwise. Even the Suwon District Court’s no decision was sentenced, and, upon being challenged in South Korea’s highest court, it didn’t maintain.
Seeing as Ahn accrued his digital luck in exchange for a illegal provider, the court reversed the decision also mandated it is legal for the authorities to confiscate it.
According to the court, the authorities could not grab Ahn’s bitcoins since, unlike other assets tied to illegal dealings, so they aren’t tangible.