South Korea's FSS Releases 2026 Plan to Strengthen Crypto Regulation

KuCoinFlash

Release Time: 02/09/2026 02:45:55

Summary

South Korea's FSS announced its 2026 plan to tighten digital asset regulation, targeting price manipulation by whales. The agency will form a task force to draft a digital asset basic law and build a legal framework for virtual assets. Punitive fines for financial IT incidents, CEO security responsibilities, and AI-based cyber threat monitoring will be introduced. The FSS also aims to strengthen CFT (Countering the Financing of Terrorism) efforts, crack down on illegal private finance and telecom fraud, and promote the 'Financial AI Ethics Guidelines' along with risk management frameworks.

BlockBeats News, on February 9, according to Yonhap News Agency, the Financial Supervisory Service of South Korea released its 2026 work plan, which includes:

A special investigation will be conducted on high-risk areas in the cryptocurrency market to crack down on price manipulation behaviors such as those by whales;

Establish a preparatory team for the new digital asset basic law to support the construction of a legal framework for virtual assets;

Introduce punitive fines for financial IT incidents, strengthen the CEO's security responsibilities, and establish a cyber threat monitoring system through AI technology;

Strengthen the crackdown on financial crimes related to people's livelihood, such as illegal private finance and telecom fraud, and promote the development of the "Financial AI Ethics Guidelines" and risk management framework.

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