ChainCatcher news, according to Bloomberg, the new chairman of the Financial Supervisory Commission (FSC) in Taiwan, Peng Jinlong, stated that in order to expand the financial industry's share in Taiwan's economy, the FSC plans to relax regulations related to the use of financial products.In addition, the FSC plans to release a briefing in July on the relaxation of regulations for fintech innovation businesses, and will complete the draft of virtual asset management rules by December, while considering allowing investments in overseas Bitcoin ETFs.

ChainCatcher news, according to a report by Juheng News, Taiwan's Financial Supervisory Commission Chairman Peng Jinlong stated that virtual assets and trading businesses (VASP) will be gradually incorporated into regulation in four phases. The VASP industry association will be established tomorrow (June 13), and subsequent self-regulatory norms will be formulated along with penalties to strengthen self-discipline. It is expected that by the end of December this year, a draft of the special law for virtual asset management will be proposed, followed by regulatory announcements and public hearings, with the special law draft to be submitted to the legislature by June next year.The Financial Supervisory Commission has been designated by the "Executive Yuan" as the competent authority for virtual assets that have "financial investment or payment nature," thus initially regulating important aspects. The future special law will focus on safety and consumer protection, while also paying attention to market development.Additionally, according to a report by China Times News Network, the Taiwan Financial Supervisory Commission pointed out that the regulation of virtual assets will be divided into four phases, and it is currently at the third phase.

ChainCatcher exclusive news, according to the list published on the Hong Kong Securities and Futures Commission (SFC) official website, the list of virtual asset management fund companies has added Bosera Funds (International) Co., Ltd., which indicates that the fund has added virtual asset management business on top of its existing traditional asset management business.Previous report, on April 15, Bosera Funds' official WeChat account announced that the Hong Kong SFC conditionally approved the Bitcoin and Ethereum spot ETF jointly issued and managed by HashKey Capital and Bosera Funds, but the article was subsequently deleted by the publisher. On the day the news was announced, Bosera Funds did not appear in the virtual asset management fund list updated by the Hong Kong SFC on April 12. Therefore, some believe that since Bosera Funds does not have an independent licensed Responsible Officer (RO) to meet the requirements of the virtual asset industry, it collaborates with the compliant asset management institution HashKey Capital in Hong Kong.

ChainCatcher news, according to Tencent News "Frontline" report, on April 10th, the Hong Kong Securities and Futures Commission updated the list of fund companies managing virtual assets on its official website, adding Harvest International Asset Management Company (referred to as Harvest International) and Huaxia Fund (Hong Kong) Limited (referred to as Huaxia Fund). This means that in addition to their existing traditional asset management businesses, these public funds have now added virtual asset management services.The Hong Kong Securities and Futures Commission's official website shows that there are now 18 funds in Hong Kong that can manage "crypto" assets. However, Harvest International and Huaxia Fund are among the first public funds in Hong Kong to enter the "crypto" space.It is reported that according to Hong Kong's procedures, after the Hong Kong Securities and Futures Commission approves the first batch of Bitcoin spot ETFs on April 15th, the Hong Kong Stock Exchange will need about 2 weeks to prepare for product listing and other matters. However, the entire Bitcoin spot ETF project has had detailed communication and planning with the Hong Kong Stock Exchange in advance, and it is expected to be completed in about 10 days.

According to ChainCatcher news and reports from Sing Tao Daily, the Hong Kong-listed company Derlin Holdings will launch AI family office services. Its Executive Director and Chief Marketing Officer, Ai Kuiyu, stated that the relevant system and app are expected to be launched in the first quarter of 2024, with a client asset threshold set at 1 million USD. Additionally, Derlin Holdings will also launch the investment data system DL-GPT, where all asset information will be stored on an immutable blockchain, and the company will have no viewing permissions. Ai Kuiyu also revealed that Derlin Digital Family Office is applying for a virtual asset management license from the Hong Kong Securities and Futures Commission, and it is expected that the proportion of virtual assets in its investment allocation will continue to increase in the future. However, due to the lack of clear pricing definitions for virtual assets, especially cryptocurrencies like Bitcoin, the company will adopt a cautious approach when managing virtual assets for clients, temporarily keeping the allocation of such assets below 5%.