TAIPEI, March 20 (Reuters) - Taiwan's Financial
Supervisory Commission will be the main overseer of crypto
currencies on the island, the head of the regulator said on
Monday.
Huang Tien-mu told lawmakers in parliament that the
Financial Supervisory Commission will initially be responsible
for the supervision of payments and transactions, but will not
cover NFTs, or "non-fungible tokens".
Huang said he will discuss the details with other government
departments as well as "self-discipline norms" with relevant
industries.
Details will be announced after consultations with the
cabinet, he added.
(Reporting by Emily Chan; Writing by Ben Blanchard; Editing by
Himani Sarkar)
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