Taiwan Legislative Council member Zhang Yongchang aims to present a draft of a cryptocurrency-specific law by the end of November, highlighting the need for distinct legislation due to the unique nature of cryptocurrencies compared to traditional financial products. This proposed law would require all cryptocurrency platforms operating in Taiwan to obtain prior permission and would grant authorities the ability to order suspensions in cases of violations. The Financial Supervisory Commission (FSC) may also propose its own cryptocurrency-specific law, possibly by mid-next year. 🇹🇼💱 #Taiwan #Cryptocurrency #CryptoRegulation #Legislation