[The Executive Yuan of Taiwan has designated the Financial Supervisory Commission as the authority in charge of virtual currencies and established a Financial Technology Bureau] Golden Finance reported that the Executive Yuan of Taiwan has designated the Financial Supervisory Commission as the authority in charge of virtual currencies. Taiwan legislators have suggested that in response to protecting investors from investing in new financial technologies such as virtual currencies, the Financial Supervisory Commission should establish a Financial Technology Bureau in the fifth bureau. Huang Tianmu, chairman of the Financial Supervisory Commission, said that the Executive Yuan has indeed instructed the Financial Supervisory Commission to study and is currently evaluating internally. First, it will study the benefits of adding fixed bureaus to the development of the financial industry, and it can try to accept new businesses within the quota agreed by the Executive Yuan. Legislator Guo Guowen called on the Financial Supervisory Commission to establish a Financial Technology Bureau, believing that new forms of financial technology have emerged in the country, but fraud groups continue to use new forms of technology products to commit fraud. The addition of a Financial Technology Bureau will increase regulatory manpower and volume, and include new financial technologies in the supervision. Executive Yuan President Chen Chien-jen has also promised to study and inventory manpower for anti-fraud. Golden Finance previously reported that the Taiwan Financial Supervisory Commission will propose guiding principles for virtual asset platforms and trading businesses. Legislator Guo Guowen called for the establishment of a Financial Technology Bureau to handle financial technology and virtual asset businesses.