Taiwan plans to place regulation of crypto under its financial watchdog, the Financial Supervisory Commission (FSC). However, non-fungible tokens (NFTs) and stablecoins will be regulated by different agencies.
According to Bloomberg, Taiwan plans to announce the FSC as the crypto regulator by the end of the month. Additionally, the FSC and Taiwan’s cabinet have been working with industry stakeholders to “work out a concrete plan.”
Digital Affairs Ministry May Take Charge of NFTs
But, according to people familiar with the discussion, the NFT regulation might come under the cabinet’s Digital Affairs Ministry. While Taiwan’s central bank could regulate the stablecoins.
Source: https://beincrypto.com/taiwan-plans-announces-plans-crypto-regulation/