Taiwan plans to release new regulations on virtual assets in December and is considering allowing overseas Bitcoin ETF investments

Odaily News Peng Jinlong, the new chairman of the Financial Supervisory Commission (FSC) of Taiwan, said that in order to expand the proportion of the financial industry in Taiwans economy, the FSC plans to relax the relevant regulations on the use of financial products. In addition, the FSC plans to release a briefing on the deregulation of financial technology innovation business in July, and will complete the draft of virtual asset management rules in December, and is considering allowing overseas Bitcoin ETF investment. (Bloomberg)