Today (7), the four major party groups of the ruling and opposition parties jointly requested the Executive Yuan to study the nature of virtual currency, designate a competent authority and a management mechanism, and submit a special report to the Legislative Yuan within 3 months.

(Reuters file photo)

[Reporter Yang Chengyu/Taipei Report] Legislative President You Xikun today (7th) convened the ruling and opposition party groups to continue discussing the "112th Central Government General Budget". Regarding the budget of the Financial Supervisory Commission, Times Power legislator Qiu Xianzhi proposed 48 for the virtual currency supervision mechanism A budget freeze proposal, requesting the Financial Supervisory Commission to pay attention to this.

After consultations, the ruling and opposition four party groups jointly proposed to request the Executive Yuan to study and discuss the nature of virtual currency as soon as possible, and designate a competent authority and management mechanism to submit a special report to the Legislative Yuan within 3 months.

Qiu Xianzhi said that the problem of virtual currency is very serious. The most important core problem is that the competent authority cannot be found, which also leads to frequent fraud cases.

If the public is defrauded by virtual currency, the Ministry of Justice, the Police Department, the Criminal Bureau, and the Bureau of Investigation also admitted frankly that because there is no competent authority, even if the victim reports the crime, there is no way for the victim to seek help. Second, due to the lack of a regulatory mechanism, the industry missed great development opportunities and made it difficult to move forward.

Now many young people use virtual currency to buy marijuana and drugs abroad, and many investors have suffered heavy losses.

Therefore, the purpose of his large number of proposals is to force the Financial Supervisory Committee to face up to the problem and shoulder its responsibilities.

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DPP legislator Luo Zhizheng suggested that if the government and the opposition have a consensus that the Financial Supervisory Commission should take responsibility, they can consider writing it clearly in the form of a resolution. Otherwise, the mass of proposals may make the Financial Supervisory Commission think that it only needs to submit a report and it will be done.

Zeng Mingzong, the head of the Kuomintang League who once served as the chairman of the Financial Supervisory Commission, analyzed that to talk about virtual currency, we must first determine its positioning. General commodities are managed by the Ministry of Economic Affairs, financial products are managed by the Financial Supervisory Commission, and general currencies are managed by the Central Bank.

Money laundering is managed by the Ministry of Justice, while fraud cases are handled by the Procuratorate and the Police Department.

Even if it is to be managed by the Financial Supervisory Commission, there must be a legal basis for it to work, and it may be necessary to formulate a special law.

Therefore, he suggested that the ruling and opposition parties jointly propose a main resolution, requesting the Executive Yuan to coordinate within three months, specifying the nature of virtual currency, and designating a competent authority to ensure the rights and interests of investors and prevent fraud.

Ke Jianming, chairman of the Democratic Progressive Party, also said that when Gu Lixiong was the chairman of the Financial Management Commission, the two had discussed it.

After consultations between the government and the opposition, the four parties proposed a joint proposal. In view of the many problems caused by virtual currency and many fraud cases, the government should not ignore it. Therefore, the Executive Yuan is requested to study the nature of virtual currency as soon as possible, and designate a competent authority and a management mechanism. , submit a special report to the Legislative Yuan within 3 months.

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