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Crypto

FSC holds first virtual asset committee meeting of 2026 to discuss Digital Asset Framework Act draft

South Korea\'s Financial Services Commission met on Tuesday for its first virtual asset committee meeting of 2026 at the Government Complex Seoul. The meeting reviewed the status and plans related to a mistaken virtual asset payment incident on Feb. 6 and discussed a government review draft of the Digital Asset Framework Act. Officials also considered strengthening exchange internal controls, IT and security standards, safeguards including no-fault liability, and standards for stablecoin issuance and ownership dispersion.

Finance

Korea Fintech Association urges review of digital asset exchange ownership dispersion rules

The Korea Fintech Industry Association called on financial authorities to reconsider proposed ownership dispersion rules for digital asset exchanges, warning the plan could undermine the domestic industry’s growth base and weaken innovation and global competitiveness. It said administratively dispersing ownership could reduce decision-making speed and accountability and could trigger legal disputes such as property-rights infringement and issues over retroactive legislation. The association proposed market-friendly governance measures such as promoting IPOs and stronger oversight.