South Korea’s National Police Agency (NPA) has initiated a new process to manage cryptocurrencies seized during criminal investigations by transferring them to Upbit Custody, a secure storage service operated by Dunamu.
This marks a significant change in how digital assets are handled nationwide, aiming to enhance security and streamline asset management within law enforcement.
According to a recent report by local media, the move involves collaboration with Upbit Custody, known for its robust security protocols tailored to protect digital assets from cyber threats and unauthorized access.
The shift is part of a broader overhaul of police departments’ approach to cryptocurrency storage, reflecting South Korea’s proactive stance on regulating and securely managing digital currencies involved in criminal cases.
Upbit Custody’s involvement is expected to provide greater transparency and reliability in handling seized crypto, benefitting both law enforcement and the public’s trust in digital asset regulation.