Taiwan, known for its technological advances and proactive approach to the digital age, is making another significant stride toward crypto. The island nation recently proposed modifying its regulatory framework, creating a new business category explicitly designed for crypto-related firms.
Fostering Self-Regulation In Crypto
The Ministry of Economic Affairs has taken the reins on this initiative. The recent announcement revealed a draft amendment to the “Standards of Classification of Commercial Group” regulations.
This new category, focused on digital asset services, signifies Taiwan’s commitment to creating a supportive framework for cryptocurrency enterprises.
Today, inside sources from the economic ministry provided further clarity. They delineated the expansive nature of the newly proposed business category. This spans a plethora of operations within the digital currency sector.
Among these activities are exchanging…
