Key Takeaways
- Taiwan’s leading crypto exchanges form an industry association ahead of new regulations.
- The association aims to facilitate dialogue with regulators and integrate the crypto industry.
- Nine exchanges are currently part of the preparatory group for the association.
As Taiwan’s Financial Supervisory Commission (FSC) prepares to unveil its “Guiding Principles for the Management of Virtual Asset Service Providers (VASPs)” in September, the country’s major crypto exchanges have taken proactive steps. They have formed a preparatory group, known as the Taiwan VASP Association Preparatory Committee, in early September. The initiative is expected to become legally effective in October, following the government’s release of its crypto framework.
Unified Industry Efforts
The preparatory group consists of nine crypto exchanges, including the first three founders: MaiCoin Group, BitoGroup, and Ace Exchange. Other members are…
