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

Mars Finance reports that the Korea Financial Services Commission (FSC) held the first meeting of the 2026 “Virtual Asset Committee” today. During the meeting, relevant government departments, agencies, and private sector representatives discussed the mid-term review and regulatory improvements related to the virtual asset overpayment incident (February 6), as well as the main contents of the government review plan for the provisional “Digital Asset Basic Law” (second phase “Virtual Asset Law”). Based on today’s discussions, the Financial Services Commission plans to continue advancing improvements to DAXA’s internal control standards and self-regulation, and to consult with the ruling and opposition parties on legislative matters.