South Korea's FSC Holds First Meeting on Virtual Asset Committee

South Korea's Financial Services Commission (FSC) convened the inaugural meeting of the 'Virtual Asset Committee' for 2026 today. According to Foresight News, representatives from relevant ministries, agencies, and the private sector discussed the interim review of the virtual asset overpayment incident from February 6 and the direction for institutional improvements. The meeting also covered the main content of the government's review plan, tentatively named the 'Basic Digital Assets Act,' which is the second phase of the 'Virtual Assets Act.' The FSC plans to continue advancing DAXA's internal control standards and self-regulation improvements, while consulting with both the ruling and opposition parties on legislative matters.