The Financial Services Commission (FSC) of South Korea held the first Virtual Asset Committee meeting of 2026 on March 4th in Seoul, marking the start of policy discussions on digital assets this year. This is a public-private advisory body responsible for reviewing the government’s legislative plans related to the cryptocurrency market.
According to local media, this was the fifth meeting since the committee was established and the first in 2026. During the meeting, officials reviewed a draft summary of the Digital Asset Basic Act, which is expected to become the legal framework for South Korea’s digital asset market.
Reports also indicated that regulations on stablecoins might be issued as subordinate legislation rather than being directly incorporated into the main law. The meeting was chaired by FSC Vice Chairman Kwon Dae-young.
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