South Korea FSC holds first 2026 virtual asset committee meeting

FSC opens 2026 virtual asset calendar

South Korea’s Financial Services Commission held its first 2026 Virtual Asset Committee meeting on 4 March in Seoul. The committee is a public-private advisory body that reviews government plans for digital asset legislation. This session was the first meeting of the committee in 2026. Reports on 26 February stated that the regulator scheduled the meeting for the first week of March.

Fifth session of the virtual asset committee

Korean financial press described this gathering as the committee’s fifth session since its creation. The Virtual Asset Committee includes government officials and private sector members. Local media linked this fifth meeting to the effort to complete the Digital Asset Basic Act. No source identified any earlier meeting in 2026, so this fifth session also served as the opening meeting of the year.

Focus on Digital Asset Basic Act draft

The main agenda item was the government draft of the Digital Asset Basic Act, described as a framework law for virtual asset markets. Media summaries stated that officials reviewed a shortened version of the bill. They also reported that stablecoin rules would move to lower level regulations instead of the main statute. Reports described this act as the second phase of South Korea’s virtual asset legislation.

Vice chairman Kwon chairs the discussion

Coverage of the meeting named Kwon Dae-young, vice chairman of the Financial Services Commission, as chair of the session. Outlets citing crypto industry news services repeated the same identification of the chair. English summaries of official commission releases did not list the meeting leader by name, but none mentioned a different chair. This makes the attribution to vice chairman Kwon consistent across available reports, although it rests mainly on one news chain.