Korean Crypto Weekly Update | Week 2, February 2026 🇰🇷 This week, the Korean crypto market is experiencing a shift: large-scale operational incidents are prompting regulatory action, while discussions on institutionalization are simultaneously advancing. Takeaway This is not simply a case of strengthened regulations; it's a realignment of control, with incident response and institutionalization taking place simultaneously. This Week's Key Issues • Following the Bithumb BTC mistransaction, regulators are targeting vulnerabilities in electronic systems and internal controls. • Discussions on the Basic Digital Asset Act are fueling industry confusion surrounding governance regulations. • KRW Stablecoin Regulation: Policy tug-of-war over issuer and equity requirements. • Outline of guidelines for allowing corporations and listed companies to invest in virtual assets. WATCH • Will the Bithumb incident lead to strengthened internal control regulations and inspections across exchanges? • To what extent will the issuer, supervisory authority, and freeze/burn requirements be institutionalized in the KRW Stablecoin regulation? • Will discussions on expanding trading hours at the Korea Exchange and digital asset products lead to an actual roadmap? Playbook Give the direction of the Korean market based on "institutionalization," rather than short-term prices.