Regulatory news: Taiwan’s Financial Supervisory Commission has finally released its long-awaited guidelines for crypto platforms, demonstrating a growing commitment to industry oversight.
See below for all the details.
New regulation for crypto exchanges in Taiwan: the details
As anticipated, Taiwan’s financial regulator has released a set of long-awaited guidelines aimed at virtual asset service providers (VASP), emphasizing the priority of consumer protection.
In accordance with the new guidelines, domestic crypto platforms must engage in segregation and custody of both corporate and customer assets.
It also requires the establishment of review standards for the pricing and removal of virtual assets, as well as strengthening transparency of information, according to the Financial Supervisory Commission in an official communication.
The latest guidelines also stipulate that offshore platforms wishing to operate in Taiwan must first register with the FSC.
Specifically, it
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