KDAC selected for South Korea's first private custody of seized crypto

Korea Digital Asset Custody (KDAC) announced it has been selected to manage seized virtual assets for South Korea's National Tax Service, with the project set to begin in June. This marks the first time the South Korean government has outsourced the custody of seized virtual assets to a private, specialized firm. The move is seen as a potential standard for how the public sector will manage such assets in the future, Edaily reported.