According to Foresight News, the Taiwan Financial Supervisory Commission released the "Virtual Asset Services Law" draft yesterday, which will undergo a 60-day public consultation. The main contents of the draft include clarifying the licensing system for virtual asset service providers, regulating their operational management requirements, establishing a stablecoin issuance management framework, setting up anti-fraud and market manipulation regulations, and formulating legal penalty provisions. The public consultation period is 60 days after the announcement, and it is expected to be submitted to the Executive Yuan for review by the end of June 2025.