Bloomberg: Taiwan will complete the draft regulations for virtual asset management in December and is considering allowing investments in overseas Bitcoin ETFs

ChainCatcher news, according to Bloomberg, the new chairman of the Financial Supervisory Commission (FSC) in Taiwan, Peng Jinlong, stated that in order to expand the financial industry's share in Taiwan's economy, the FSC plans to relax regulations related to the use of financial products.

In addition, the FSC plans to release a briefing in July on the relaxation of regulations for fintech innovation businesses, and will complete the draft of virtual asset management rules by December, while considering allowing investments in overseas Bitcoin ETFs.