The Financial Services Commission of South Korea holds its first "Virtual Asset Committee" meeting of the year to advance legislative review.

Foresight News reported that the Financial Services Commission (FSC) of South Korea held the first meeting of the "Virtual Asset Committee" for 2026 today. During the meeting, representatives from relevant ministries, agencies, and the private sector discussed the interim review and directions for institutional improvement regarding the virtual asset overpayment incident (February 6), as well as the main contents of the government review plan for the tentatively named "Digital Asset Basic Law" (the second phase of the "Virtual Asset Law"). Based on today's discussions, the Financial Services Commission plans to continue advancing DAXA internal control standards and improvements in self-regulation, and will consult with both the ruling and opposition parties on legislative matters.