The Financial Services Commission (FSC) is stepping up its efforts to shape the future of virtual currency legislation in South Korea. The head of its Virtual Assets Division, Kim Seong-jin, has announced the FSC's commitment to actively support the second phase of virtual asset legislation. The move comes as the global regulatory landscape for virtual currencies continues to evolve. Kim noted that the policy direction set by the United States will serve as a key reference for South Korea's own legislative framework. He emphasized the need for a strategic approach to emerging technologies like security tokens and central bank digital currencies (CBDCs). The FSC's support for the second phase of legislation signals its recognition of the growing importance of virtual currencies and blockchain technology in the financial sector. The commission's willingness to actively engage in policy discussions and promote innovation highlights its commitment to fostering a vibrant and responsible virtual currency ecosystem in South Korea.