This guide, scheduled to be officially published in September, summarizes 12 important articles:
⚫ Stablecoin Ban: Cryptocurrency companies will be prohibited from issuing stablecoins.
⚫ Anti-Money Laundering Focus: The Financial Supervisory Commission will supervise the industry through anti-money laundering rules.
⚫ Exchange Coin List: Cryptocurrency exchanges will require a robust listing and review mechanism for coins.
⚫ Asset Separation: Regulations will require separation of operator and customer assets.
⚫ Fair Trade Directive: Exclusive trading will be prohibited to ensure a level playing field.
⚫ Bank Transactions Cooperation: Cooperation will be provided to monitor customer transactions during banking transactions.
⚫ Transparent Advertising: Misleading content and direct product advertising are strictly prohibited.
⚫ Wallet Position Ratio: The guidelines will require determination of hot and cold wallet position ratios.
⚫ Contract Transaction Violations: Violation of contract transactions in Taiwan can result in imprisonment for up to 7 years.
⚫ Virtual Asset Industry Council: The establishment of a virtual asset industry council will be encouraged.
⚫ Overseas Platform Restrictions: Advertising on overseas virtual asset platforms will be restricted.
⚫ Implementation of Travel Rules: Implementation of travel rules will be emphasized.