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Taiwan’s Financial Watchdog Prepares to Test Crypto Custody Services with Local Banks

Taiwan’s Financial Watchdog Prepares to Test Crypto Custody Services with Local Banks

Leave a Comment / Financial, Taiwan’s /

Taiwan’s Financial Supervisory Commission is preparing to roll out a pilot program for institutional crypto custody. The regulatory agency intends to collect applications in early 2025, and three private banks have already expressed interest in participating. The latest move signifies efforts to promote institutional adoption of crypto in the region. Institutional Crypto Custody in Taiwan […]

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Taiwan’s FSC Unveils New AML Regulations for Virtual Asset Providers

Taiwan’s FSC Unveils New AML Regulations for Virtual Asset Providers

Leave a Comment / Taiwan’s, Unveils /

Taiwan’s Financial Supervisory Commission (FSC) unveiled updated Anti-Money Laundering (AML) regulations on October 2nd. The main objective is to boost the oversight of local virtual asset service providers (VASPs). Non-compliant entities, on the other hand, will be heavily penalized. The revised regulations will supersede the existing AML framework. Updated AML Regulations Aim to Strengthen Crypto

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