🇹🇼 Taiwanese lawyers accelerate the draft of a special law on cryptocurrencies, expected to be completed by the end of November 2023! 🚀 What do you think about this? Please share your opinion in the comments section! 👇
- Lawyer Yung-Chang Chiang said the draft is necessary to manage businesses related to cryptocurrency.
- Taiwan wants to avoid "regulatory tricks" and control activities in foreign markets.
- This follows guidance from Taiwan's Financial Supervisory Commission (FSC) aimed at protecting cryptocurrency investors.
- New rules include separation of customer and exchange assets, as well as a review process for listing and delisting digital assets.
- Foreign virtual asset service providers are not allowed to provide services in Taiwan without approval from local regulatory authorities.
- Lawyer Yung-Chang Chiang said the draft is necessary to manage businesses related to cryptocurrency.
- Taiwan wants to avoid "regulatory tricks" and control activities in foreign markets.
- This follows guidance from Taiwan's Financial Supervisory Commission (FSC) aimed at protecting cryptocurrency investors.
- New rules include separation of customer and exchange assets, as well as a review process for listing and delisting digital assets.
- Foreign virtual asset service providers are not allowed to provide services in Taiwan without approval from local regulatory authorities.