South Korean ruling party, FSC postpone crypto bill meeting due to Mideast tensions

A private policy meeting between South Korea's Financial Services Commission (FSC) and the ruling Democratic Party, scheduled for March 5, has been postponed, NewDaily reported. The delay is attributed to rising tensions in the Middle East, which have increased volatility in the stock and foreign exchange markets, prompting financial authorities to prioritize stabilization efforts. The meeting was set to discuss the enactment of a 'Digital Asset Basic Act,' a second-phase virtual asset bill that includes provisions such as limiting major shareholder stakes in crypto exchanges. A new date for the policy discussion has not yet been confirmed.