Taiwan plans to complete the draft rules on virtual assets management in December and consider introducing overseas Bitcoin ETFs

According to WuSay, 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 and complete the draft rules for virtual asset management in December. In addition, they are also considering allowing overseas Bitcoin ETF investment. Currently, the total assets supervised by the Taiwan Financial Supervisory Commission have reached NT$109 trillion (US$3.4 trillion).