Taiwan proposes new crypto business category for potential industry associations

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By introducing the new category, crypto firms will be able to form industry groups and develop self-supervisory rules, Taiwan’s Ministry of Economic Affairs told The Block.

Taiwan has proposed a new business category in regulations to potentially enable cryptocurrency-related firms to form industry associations.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Taiwan has proposed adding a new business category in relevant regulations, which may enable cryptocurrency-related companies to establish industry associations.

The official added that crypto firms can form industry associations once the business category is added to relevant regulations. The ministry is soliciting public opinion and will finalize the amendment with the Ministry of the Interior in mid- or late-October.

 

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