Taiwan’s Crypto Storage Pilot Program Begins! 🚀

Taiwan’s Financial Supervisory Commission (FSC) plans to launch a pilot program for institutional crypto custody services in early 2025. Three private banks are already lined up to participate! 💼

- Institutions must specify which virtual assets they will store, such as Bitcoin, Ethereum, or Dogecoin.

- Banks are considered more suitable for this task due to their large capital reserves and security measures.

- The guidelines will be finalized in a 15-day public consultation period.

Share your thoughts in the comments! 💬