On January 9, news reported that Peng Jinlong, the head of the financial regulatory authority in the Taiwan region, stated on January 9 that he is adopting a cautious and friendly approach towards the virtual asset market. The draft of the special law on virtual assets has been completed and will soon enter the public hearing process. The draft of the special law on virtual assets will be submitted to the administrative management agency of the Taiwan region before June 30 of this year. (Jinshi)