South Korea's Financial Services Commission (FSC) convened its first 2026 Virtual Asset Committee meeting to discuss legislative advancements. The meeting included representatives from various ministries, agencies, and the private sector, focusing on the mid-term review of the virtual asset overpayment incident from February 6 and the government's review plan for the provisional Digital Assets Basic Act. The FSC aims to enhance DAXA's internal control standards and self-regulation based on the discussions. The commission will also engage with both ruling and opposition parties to further legislative efforts in the virtual asset sector.