The Financial Services Commission of South Korea held the first "Virtual Assets Committee" meeting of this year to advance the review of related legislation

The Financial Services Commission of South Korea (FSC) held the first meeting of the "Virtual Assets Committee" for 2026 today. During the meeting, representatives from relevant ministries, agencies, and the private sector discussed the mid-term review of the excessive payment incident involving virtual assets (February 6) and the direction for institutional improvements, as well as the main content of the government's review plan tentatively named the "Basic Law on Digital Assets" (Phase II of the "Virtual Assets Act").

Based on today's discussions, the Financial Services Commission plans to continue advancing improvements in DAXA's internal control standards and self-regulation, and to consult with both the ruling and opposition parties on legislative matters.