Taiwan plans to gradually bring virtual assets and VASPs under regulation in four stages

Bitget App

Trade smarter

Cointime2024/06/12 09:49

By:Cointime

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.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

While TAO prepares for a supply shock, Nexchain is racing full speed ahead, gaining momentum with each stage of its presale. Its AI-powered Layer-1, 10% gas price incentives, and ultra-fast transaction speeds elevate it to the status of an ecosystem with real-world viability.Nexchain is a lightning-fast, AI-powered Layer-1 that pays you gas rewards.Nexchain Tokenomics: Designed for Long-Term GrowthTAO Token Unlock: $89 Million Supply Set to Hit the MarketFinal Words: Nexchain is Outpacing the AI Pack

Coinomedia•2025/05/21 19:16

TAO Set for Major Token Unlock, But Nexchain is Leading the Pre-Bull Run Phase With Huge ICO Raise

Tether Mints $2B USDT on TRON, Tops Ethereum Supply

Tether mints $2B USDT on TRON, pushing its supply above Ethereum. What this shift means for the stablecoin marketTRON Overtakes Ethereum in USDT SupplyWhy Tether Chose TRON for Massive USDT MintingWhat This Means for the Crypto Landscape

Coinomedia•2025/05/21 19:16