The Financial Supervisory Commission of Taiwan,China plans to propose a draft special law on virtual currency in September
On March 4th, according to the United News Network, Huang Tianmu, Chairman of the Financial Supervisory Commission of Taiwan, China, stated that the commission plans to propose a special law on virtual currencies in September 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 issues related to fraud using virtual currencies and indicated that strict administrative penalties will be imposed on individual currency traders and overseas currency traders. Regarding the possibility of Taiwanese investing in overseas Bitcoin ETFs, Gao Jingping, Deputy Director-General of Securities and Futures Bureau, stated that research results will be announced in April.
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