ChainCatcher news, according to The Block, legislators in Taiwan hope to propose a special law draft on crypto assets for a first reading before the end of November to prevent regulatory arbitrage in crypto.Taiwanese legislator Chiang Yong-chang stated that it is necessary to formulate a dedicated crypto asset law to regulate crypto companies, as the category of crypto assets differs from traditional financial products in many ways and should be governed by a separate special law.In addition, Chiang Yong-chang held a public hearing today in the Taiwanese parliament to discuss the draft proposal with virtual asset service providers, legal experts, and scholars.

ChainCatcher news, according to The Block, nine cryptocurrency companies stated in a joint declaration today that they plan to apply for the establishment of an industry association in mid-October and have formed a working group to expedite the process.The current preparatory group consists of nine cryptocurrency exchanges/platforms, namely: BitstreetX; ACE; HOYA BIT; the Taiwan branch of Bito Technology Ltd. in the British Virgin Islands; MaiCoin; BIT GIN; BitoPro; Rybit; and XREX.Previously, it was reported that Taiwan's Financial Supervisory Commission is expected to officially announce the "Guidelines for the Management of Virtual Asset Service Providers (VASP)" in September.

ChainCatcher news, according to BlockTempo, Taiwan legislator Jiang Yongchang held a press conference yesterday, announcing that he will propose the first special law on virtual assets in Taiwan during this legislative session.The drafted bill includes 12 items, including:Virtual asset industry as a licensed industry, subject to tiered management;Virtual asset operators must join a guild and comply with the guild's self-regulatory norms;Virtual asset operators may issue virtual assets themselves or on behalf of others;Virtual asset operators may operate products, services, and financial products derived from virtual assets;Virtual asset operators must establish review procedures for listing and delisting virtual assets and trading rules;Regulations on the separation of virtual asset operators' and clients' assets;Regulations on contracts and advertising marketing between virtual asset operators and clients;Cybersecurity standards for virtual asset operators;Regulations on anti-money laundering and internal control systems for virtual asset operators;Virtual asset operators must comply with financial supervision by competent authorities and cooperate with inspections by competent authorities;Establish a virtual asset fund to ensure the protection of client rights;Prohibition of improper trading practices in virtual assets.

ChainCatcher news, Bitget will hold the "Give me five" fifth anniversary starry night party in Taiwan on August 31. The theme of this conference is "Mining the Web3 Future with AI." Among the invited guests are crypto lawyer Mr. Shell, Cool Lab, LeapFi project CEO Jade Ho, and crypto Hu Shi, who will participate in a roundtable discussion sharing insights on the theme of "New Trends in Web3 under the AI Wave."Participants will jointly explore the integration of artificial intelligence and blockchain, as well as how AI can enhance the security and privacy of blockchain. Previously, Bitget announced a brand upgrade, with "Trade smarter" as the core concept, committed to shaping a smarter digital future.

ChainCatcher news, according to BlockTempo, the Hualien District Prosecutor's Office in Taiwan will auction 26,150 USDT in April. The items were seized by the prosecution during an investigation into a money laundering case and are currently stored in a cold wallet managed by the Hualien branch. The detailed auction date will be announced on the official website of the Hualien District Prosecutor's Office. (source link)