According to Bloomberg, Peng Jinlong, chairman of the Financial Supervisory Commission of Taiwan, said that Taiwan's financial industry plans to relax rules and provide more products. The regulator will introduce the relaxation of financial technology innovation business in July, complete the draft virtual asset management rules in December, and is considering allowing overseas Bitcoin ETF investment. Currently, the Taiwan Financial Supervisory Commission is responsible for supervising financial institutions with total assets of NT$109 trillion (US$3.4 trillion).
