Huang Tianmu, chairman of Taiwan’s “Financial Supervisory Commission”, said that the “Financial Supervisory Commission” plans to propose a draft law targeting virtual currencies in September this year. The purpose of this bill is to more effectively supervise the virtual currency market and ensure that investors safety. In addition, Huang Tianmu also mentioned the issue of using virtual currency to commit fraud, indicating that strict administrative penalties will be imposed on individual currency dealers and overseas currency dealers. (Chain News)