A South Korean court is considering allowing personal bankruptcy proceedings to remove cryptocurrency investment debts from liquidation.

PANews reported on March 10th that, according to DL News, newly established courts in Daejeon, Daegu, and Gwangju, South Korea, will adopt new guidelines allowing debts arising from stock or cryptocurrency investments to be excluded from liquidation calculations in personal bankruptcy proceedings, thereby reducing the amount debtors need to repay. The Suwon and Busan courts have already begun classifying some personal cryptocurrency and stock investment losses as "general property" losses rather than "speculative debts." The courts stated that this will prevent debtors from disguising purchases as failed investments to deceive the courts.