Digital assets pose an increasing danger to legacy finance and that the proposed laws will protect the stability of Taiwan’s financial industry, according to the Financial Supervisory Commission.
The Financial Supervisory Commission is considering allowing a ‘crypto’ ETF, but it’s waiting to see how other markets develop, including the U.S. where a spot ETF is being weighed.
Cathay Securities has obtained an STO license from SFC for its Sunshine Green Benefit Debt, which leverages blockchain and allows customers to buy green electricity in line with Taiwan's ESG goals.
Taiwan’s FSC announced a much-anticipated set of guidelines on September 26 for VASPs, emphasizing increased oversight and customer protections.
Taiwan’s financial regulator is set to issue 10 guidelines for the industry, including requiring segregation of customer funds and enhanced AML programs.
The Financial Supervisory Commission will reportedly be appointed as the industry watchdog in Taiwan this month, but the chairman says NFTs are too diverse to regulate under financial guidelines.
The FSC revealed that it had issued a letter to the Bankers Association of the Republic of China, which directed credit card issuers to stop onboarding digital assets platforms as merchants.
Wellington Koo, the chairman of Taiwan’s Financial Supervisory Commission (FSC) has revealed that investing in ICOs will soon be easy and safe in Taiwan.
