Taiwan's Financial Supervisory Commission plans to establish a "Virtual Assets Bureau."

According to ChainCatcher news, Taiwanese media reports that the Financial Supervisory Commission (FSC) of Taiwan will undergo significant reforms. The office of Legislator Jiang Yongchang has co-signed and submitted the "Draft Organization Act of the Virtual Assets Bureau of the Financial Supervisory Commission" for its first reading, intending to amend relevant provisions of the FSC's organizational law, which includes:

In addition to the existing Banking Bureau, Securities and Futures Bureau, Insurance Bureau, and Inspection Bureau, the FSC will establish a new Virtual Assets Bureau. This agency will be responsible for the supervision of virtual asset operators' businesses and customer protection matters; it will execute financial inspections of virtual asset operators and supervise internal audits and internal controls, among other tasks.