Taiwan financial regulator says will oversee cryptocurrencies

Taiwan's Financial Supervisory Commission will be the main overseer of cryptocurrencies on the island, the head of the regulator said on Monday.

Huang Tien-mu told lawmakers in parliament that the Financial Supervisory Commission will initially be responsible for the supervision of payments and transactions, but will not cover NFTs, or "non-fungible tokens".

Huang said he will discuss the details with other government departments as well as "self-discipline norms" with relevant industries.


Details will be announced after consultations with the cabinet, he added.