Taiwan plans to gradually bring virtual assets and VASPs under regulation in four stages
Peng Junlong, Chairman of the Financial Supervisory Commission of Taiwan, stated that virtual asset and transaction service providers (VASPs) will be gradually included in regulation in four phases. The VASP industry association will be established tomorrow (June 13th), and subsequently self-regulatory norms will be formulated and penalties will be added to strengthen self-discipline. It is expected that by the end of this year, a draft of the special law on virtual asset management will be proposed, and subsequent regulatory previews and public hearings will be held. The draft of the special law will be submitted to the legislature before June next year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Classic ($ETC) Eyes a 510% Breakout Rally
Ethereum Classic could surge over 510% to $127.65 as a major breakout pattern emerges.Why the $127.65 Target MattersShould You Pay Attention?
Doginme Made Early Buyers Rich—Now Arctic Pablo Coin Is Leading the Next Meme Coin Gold Rush
While Doginme showed how fast gains can arrive in meme markets, Arctic Pablo Coin is showing how they can be structured, incentivized, and sustainable.Doginme: The Meme Token That Ran With the Big DogsArctic Pablo Coin’s 66% APY: The Meme Coin Presale With Real UtilityIceberg Isle and the Numbers That Matter: $0.000125 Entry, 6,300% ROIArctic Pablo Coin Is Built for the Long Run: Why It Belongs Among the Top New Meme Coins for Exponential Returns
Goldman Sachs Increases Bitcoin ETF Holdings, Surpasses BlackRock
Ethereum’s Rise to $2.5K Sparks Renewed Altcoin Interest
Trending news
MoreCrypto prices
More
