Taiwan’s Financial Supervisory Commission plans to propose a draft law on virtual currencies in September

According to a report from United News Network, Huang Tianmu, the chairman of Taiwan's Financial Supervisory Commission, stated that the commission plans to propose a special law on virtual currency in September of this year. The purpose of this law is to more effectively regulate the virtual currency market and ensure the safety of investors. In addition, Huang Tianmu also mentioned the issue of fraud using virtual currency, stating that strict administrative penalties will be imposed on individual currency traders and overseas currency traders. Regarding the possibility of domestic investors investing in overseas Bitcoin ETFs, Gao Jingping, deputy director of the Securities and Futures Bureau, stated that the relevant research results will be announced in April.