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Officials from the South Korean National Tax Service proposed to amend the Criminal Procedure Act to strengthen the rules for seizing individuals' virtual assets

According to Digital Asset, officials from the Korean National Tax Service have proposed legislative suggestions, believing it is necessary to amend the Criminal Procedure Act to allow for the seizure of virtual assets held by individuals. Individual ownership of digital assets refers to the situation where the private key is directly held by the individual, without the need to entrust a third party for custody or disposal.In June of this year, four individuals, including Zhang Xiyuan, the head of the National Tax Service investigation team, published a paper titled "Limitations and Legislative Review of Self-Protecting Virtual Asset Seizure Execution" in the journal "Criminal Policy Research" of the Korean Institute of Criminology and Justice. The paper explains that separate regulations must be established for the requirements and procedures for transferring to a public wallet or obtaining control. The paper first points out that when a suspect or owner holds access means such as a private key, the search warrant must clearly specify the following: the type and quantity of digital assets to be seized; verified addresses; addresses to be transferred; methods of transfer; and storage methods after the transfer. Furthermore, due to the risks of theft associated with transferring assets to wallets managed by a single entity, the paper proposes a method for transferring to a joint address managed by both the court and investigative agencies.

hot_img The National Development and Reform Commission released the "Action Plan for the Cooperative Development of Artificial Intelligence," proposing eight major actions to promote global AI collaboration

The National Development and Reform Commission officially released the "Action Plan for the Cooperative Development of Artificial Intelligence," aimed at building an open, shared, secure, orderly, and collaboratively governed global artificial intelligence ecosystem. The plan clearly outlines eight core actions, comprehensively promoting deep international cooperation in the AI field from multiple dimensions, including data, computing power, algorithms, talent, and governance. At the foundational level of data and computing power, the action plan emphasizes the need to promote cross-border data flow and build a trustworthy cross-border data space, collaboratively constructing a high-quality corpus; at the same time, it promotes the interconnection of intelligent computing facilities, providing inclusive intelligent computing services to developing countries, and creating low-carbon intelligent computing infrastructure driven by green energy.In terms of industrial empowerment and ecological sharing, the plan encourages the co-construction of an international open-source community for artificial intelligence, promoting the sharing of general large models, basic algorithms, and tool components, and supporting countries in conducting localized innovation based on open-source models. By deepening "Artificial Intelligence +" cooperation, it aims to build a cross-national industrial cooperation platform, promoting the deep application and empowerment of AI technology in fields such as science, manufacturing, healthcare, education, agriculture, and governance. In addition, the plan also proposes the establishment of a joint training mechanism for top digital talent, collaboratively formulating occupational standards and skill certification systems, comprehensively enhancing public literacy, and jointly addressing the structural impacts of AI on employment.Regarding industry rules and technical security, the action plan advocates for the co-construction of rules and standards and collaborative governance for security. All parties will strengthen information sharing on cybersecurity threats and emergency response cooperation, researching ways to enhance the explainability, transparency, and safety of artificial intelligence. Finally, the plan emphasizes adherence to the technological ethics principle of "AI for Good," collaboratively constructing an ethical guideline system dedicated to eliminating algorithmic biases in the forms of racism, discrimination, and others. By promoting international governance cooperation in AI research, it aims to contribute public scientific products to the Global South, effectively serving the United Nations' 2030 Sustainable Development Goals.
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