BlockBeats reported that on October 9, the Financial Supervisory Commission of Taiwan plans to launch virtual asset custody business. Currently, three banks have expressed interest. The first application for a trial operation of virtual asset custody business is expected to appear in the first quarter of next year.
The service objects will include virtual asset trading platforms, professional institutional investors, etc. According to relevant explanatory materials, financial institutions applying for a trial operation of virtual asset custody business in the future must specify the types of virtual assets to be custodyed, such as Bitcoin, Ethereum, Dogecoin, etc., and must also specify the service objects of the virtual asset custody business, such as virtual asset platforms, professional investors or general investors, etc.