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    Home » Taiwans Mobile Giants Secure License for Providing Encryption Services
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    Taiwans Mobile Giants Secure License for Providing Encryption Services

    By adminJul. 6, 2024No Comments1 Min Read
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    Taiwans Mobile Giants Secure License for Providing Encryption Services
    Taiwans Mobile Giants Secure License for Providing Encryption Services
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    Taiwan’s second largest telecommunications company, Taiwan Mobile, has become the country’s 26th Virtual Asset Service Provider (VASP), positioning itself as a potential creator of cryptocurrency exchanges. This move is a significant step in integrating digital assets into mainstream services. Recently included on the Financial Supervisory Commission’s website, the registration was led by their General Manager, Zhichen Lin. This registration allows the company to join the VASP association, signaling serious progress in digital asset adoption. The company has expressed interest in collaborating with local crypto platforms and investing in the crypto business, potentially leading to the establishment of a cryptocurrency exchange to meet increasing demand. Read more:

    In June, Taiwan established the Virtual Asset Service Providers Association to regulate its crypto sector, aiming to strengthen supervision, combat fraud, and ensure compliance with anti-money laundering requirements. The FSC plans to introduce revised rules for digital assets in September and is assessing public demand for a Bitcoin ETF, potentially allowing Taiwanese investors to invest in foreign BTC ETFs within regulatory frameworks.

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