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International Business Times
International Business Times
Business
Marvie Basilan

Taiwan Will Introduce New Virtual Currency Draft Law In September: Regulator

Taiwan Lai ChingTe Cryptocurrency FSC
Taiwan will propose a draft law that should govern the island's virtual asset industry. (Credit: Cryptocurrency.com/flickr)

KEY POINTS

  • FSC chair Huang reportedly had less optimistic views of digital currencies
  • He reportedly warned investors against putting their money on "unapproved" digital asset platforms
  • Taiwanese legislators last year pushed forward a bill that looks to "properly supervise" the crypto sector

Taiwan is set to propose a draft law targeting digital currencies later this year, a new report revealed, citing the self-governing island's financial regulator.

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