According to Foresight News, Taiwan's Financial Supervisory Commission (FSC) Chairman Huang Tianmu announced plans to introduce a draft legislation targeting cryptocurrencies in September this year. The purpose of the legislation is to more effectively regulate the cryptocurrency market and ensure the safety of investors. Huang Tianmu also addressed the issue of using cryptocurrencies for fraud, stating that strict administrative penalties will be imposed on individual and overseas currency dealers. As for the possibility of Taiwanese citizens investing in overseas Bitcoin ETFs, Deputy Director of the Securities and Futures Bureau, Gao Jingping, said that relevant research results will be announced in April.