Taiwan Financial Supervisory Commission Chairman: Virtual asset operators are expected to establish a trade union by the end of June

Peng Junlong, the new chairman of Taiwan's "Financial Supervisory Commission," stated that although there is currently no specific law for virtual currencies, virtual asset operators are expected to establish a guild by the end of June. The Financial Supervisory Commission will also guide the guild to establish self-discipline regulations to fill the gap before a specialized law is enacted. In addition, the Financial Supervisory Commission has cooperated with the Ministry of Digital Affairs, Ministry of the Interior, and Ministry of Justice to prevent fraud.