South Korea's Virtual Asset Committee to Discuss Digital Asset Legislation

South Korea's Financial Services Commission is set to convene the first Virtual Asset Committee meeting of the year on March 4. According to NS3.AI, the meeting will center on the government's proposed digital asset legislation, which includes potential restrictions on major shareholders in cryptocurrency exchanges and a stablecoin issuance framework primarily managed by banks. Input from private sector committee members will be instrumental in shaping the final draft of the legislation.