Taiwan Mobile, the country’s second-largest telecommunications provider, has received a virtual asset service provider license from the country’s Financial Supervisory Commission , according to local reports. The license creates a path for it to open a cryptocurrency exchange.to Bloomberg, which speculated that Taiwan Mobile was seeking to buy an existing exchange. It was licensed under the name of Fusheng Digital, which Taiwan Mobile owns. Both companies are headed by Lin Zhichen.
Once those hurdles are cleared, the company is eligible for membership in the self-regulatory Taiwan Virtual Asset Service Provider Association, whichMost of the members of the VASP association are startups, so the entry of a major corporation will give the industry a boost, the United Daily News.