The bankruptcy of FTX shocked the market, and Taiwan was hit hard by the disaster. Cryptocurrency supervision suddenly became the focus of attention of all countries. A few days ago, the ruling and opposition parties asked the Executive Yuan to designate the cryptocurrency authority and management mechanism within three months. In this regard, Huang Tianmu, chairman of the Financial Supervisory Commission, said that whether to establish a special law to manage cryptocurrencies is still under discussion by the inter-ministerial committee. He also emphasized that Taiwan is not lagging behind in cryptocurrency regulation.
According to comprehensive media reports, Chairman Huang Tianmu of the Financial Supervisory Commission was asked about the issue of cryptocurrency regulation at a press conference yesterday (12th). , The Financial Supervisory Commission has studied the current situation of cryptocurrency supervision in other countries. He believes that Taiwan is not behind others, and most countries conduct supervision from the perspective of money laundering prevention.
Huang Tianmu pointed out that in terms of cryptocurrency supervision, one must first understand its product positioning and legal nature. Therefore, a reasonable way is to proceed step by step and accumulate experience from the supervision process. As for whether to use special methods for management in the future, it is under discussion at the inter-ministerial committee .
Regarding the role that the Financial Supervisory Commission may play in cryptocurrency supervision, Huang Tianmu mentioned that the things that the Financial Supervisory Commission can do in the future include “separate custody of customers and platform assets” and “investor protection”.
As for the fairness of transactions, such as the review mechanism for the removal and removal of cryptocurrencies, etc.; the information security issues of cold and hot wallet transactions, etc., there are currently not all corresponding laws to regulate this aspect, and the only thing that can be followed is the Money Laundering Prevention Law granted by the Financial Supervisory Commission. power.
Huang Tianmu continued that the direction of supervision currently being discussed by the Financial Supervisory Commission is to start with the exchanges between cryptocurrency companies and banks. Strengthening KYC (real-name authentication) procedures by banks is expected to provide the effect of strengthening management. Then there is the self-discipline of the industry. Through self-discipline, relevant associations can also achieve the effect of maintaining market order.
