Taiwan's Financial Supervisory Commission Set to Regulate Country's Virtual Assets Industry – Regulation Bitcoin News

Taiwan's Financial Supervisory Commission Set to Regulate Country's Virtual Assets Industry

Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways of protecting users against similar events should they recur.

While officials are said to be keen on having the FSC assume control of the virtual assets space by end of March 2023, they nevertheless still want the industry to take the lead in formulating the guidelines. Taking the lead also includes developing “self-regulatory norms.” According to the report, such norms are needed when establishing internal control points.

Once the proposals on regulating the virtual assets space have been submitted, Taiwan’s so-called executive yuan will be tasked with approving them. Meanwhile, the report said while the FSC is expected to oversee virtual currencies and crypto exchanges, other assets such as non-fungible tokens will likely fall under the purview of a different regulating entity. Stablecoins, on the other hand, are likely to be supervised by the country’s central bank, the report added.

My Crypto NFT On Binance Price 1000k USD This Month Offer Contact On WhatsApp 03412900419

I think other assets will be under the supervision of FSC in the near future．

SecondLive was intended to begin with a PC client rather than a web-based dapp. It enables support up to 10,000 concurrent users in order to meet the demands of large-scale. SecondLiveReal secondlive metaverse web3 gamefi stake bean earn live

Interesting point! Speaking of regulations, have you checked out gini_gg? They can help with scheduling tweets and even have an Auto Raid bot that's trending on Telegram! giniai regulations

Interesting point! Speaking of regulations, have you heard of They have an AI tweet generator and even an Auto Raid bot for Telegram that's creating a buzz! giniai regulations

Thanks a millon

📢Avive is bullish on btc,we give bitcoin reward for each referral on AviveAPP 🔥Celebrating 150k followers: 1️⃣If BTC hits $40,000 on March 2️⃣If this post gets 40,000 RT We'll give one person who Follows, Likes&RT $5,000 in BTC 👉Install App:

🚀 The crypto rally continues. Bitcoin is 70% up year-to-date now. And Unicoin has reached its new milestone: $400 million dollars worth of unicoins sold. 🎁 CLAIM free 100 Unicoins: 💰 A year ago, 1 UNICOIN cost $0.01. Today it costs $0.50

Ok great, I only listen to ChiefraFba for signals and analysis!..I have a 92% win rate in 3 months of copying his signals!

Nice one, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals!

Using Chiefrafba for signals and analysis I have a 92% win rate in 2 months

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Taiwan’s Crypto Industry Welcomes Regulatory AnnouncementTaiwan's crypto industry is welcoming an announcement that the island's Financial Supervisory Commission is set to regulate digital assets. thesamreynolds reports thesamreynolds Too little, too late. You should not refer to Taiwan as anything but the PRC. One country, my system. thesamreynolds Late to the game thesamreynolds lfg coindesk know who the real enemy is ✊
Источник: CoinDesk - 🏆 291. / 63 Прочитайте больше »