Taiwan's Ministry of Finance has pledged to review regulations on taxing cryptocurrency gains amid surges in digital asset prices. Minister of Finance Chuang Tsui-yun made the commitment during a legislative meeting after officials admitted to lawmaker Lai Shyh-bao that the agency has yet to effectively collect taxes from individuals profiting from cryptocurrency trades. While cryptocurrency is classified as a digital asset under the Income Tax Act and should not be exempt from income taxes, enforcement challenges remain. Officials from the National Taxation Bureau of Taipei defended existing policies but struggled to detail how income taxes are collected from investors trading on platforms. Taxation Administration Director-General Sung Hsiu-ling agreed that investors are required to file income taxes accordingly.