South Korea's FSI to revise security standards, add crypto exchange criteria

South Korea's Financial Security Institute (FSI) announced on Dec. 31 that it will revise its vulnerability analysis and evaluation standards for 2026 in response to the rapidly changing IT environment, including the expansion of cloud and digital asset services. The update establishes new evaluation criteria for virtual asset exchanges, reflecting the increasing institutional adoption and market growth of these assets. To proactively manage risks such as regulatory compliance, the FSI has added new assessment categories for virtual asset compliance, blockchain, wallets, and smart contracts, which will be applied to security evaluations of virtual asset operations, management, and utilization.