The Central Bank of Taiwan is making all attempts to get Bitcoin under the framework of country’s anti-money laundering rules, according to the reports by local publication Focus Taiwan.

During a hearing by the Finance Committee of Legislative Yuan, central bank governor Yang Chin-long told that due to the lack of regulation of digital currencies in the country, the Ministry of Justice should consider including Bitcoin under the country anti-money laundering rules.

While responding to inquires by the other members of the legislative arm, the governor said that the central bank is continuously monitoring the cryptocurrency amidst the growing volatility since the start of 2018. The governor also said that the bank will soon issue warnings to investors over the associated risks of crypto investments.

Earlier this month, Taiwan’s finance minister – Sheu Yu-jer – expressed his wish to treat digital currencies as virtual commodities and thus make them liable for taxation. He further stated that the agency is currently working on ways about including Bitcoin under the taxation rules.

The publication mentions that the finance minister stated that “major central bankers and international financial organizations are against legalization of trading in virtual currencies like Bitcoin.”

He further stated that it is easy to manipulate Bitcoin markets as “87.5 percent of the Bitcoin transactions have been owned by only 0.61 percent of the trading accounts in the world.”He urged investors to pay close attention to the highly volatile crypto markets and understand anti-money laundering with associated risks of trading in the market.