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International Business Times

Business

Marvie Basilan

FORGOTTEN HISTORY: Taiwan will introduce new virtual currency draft law in september regulator | History Defined

Taiwan Lai ChingTe Crypto 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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