The new draft bill will aim to create more guardrails to protect digital asset investors.
The Financial Supervisory Commission (FSC) has announced that it will propose a new draft of digital asset regulations for Taiwan in September 2024.
The upcoming draft bill will aim to create more effective regulations for digital asset markets and to assure the safety of investors, said Huang Tien-mu, chairman of the FSC, according to a March 4 news report by UDN.
The speech also cautioned investors of the potential fraud risks associated with digital currencies and warned that strict administrative penalties will be imposed on merchants trying to defraud investors.
