According to Foresight News, Taiwanese lawmaker Jiang Yongchang plans to propose a special cryptocurrency legislation draft for a first reading by the end of November, aiming to prevent regulatory arbitrage in the crypto sector. Jiang believes it is necessary to establish a dedicated cryptocurrency law to regulate crypto companies, as crypto assets differ significantly from traditional financial products and should be subject to separate special legal supervision.
Jiang has already held a public hearing in the Taiwanese parliament, discussing the draft proposal with virtual asset service providers, legal experts, and scholars.
