Taiwan’s FSC will focus on self-regulation and investor protection in the crypto industry.
The Financial Supervisory Commission of Taiwan will become the main regulator of cryptocurrencies in the island country, according to the head of the authority.
FSC chairman Huang Tien-mu has announced that the regulator will assume the supervisory authority on the crypto industry in Taiwan, the local news agency United Daily NewsHuang addressed Taiwan’s parliament, the Legislative Yuan, on March 20 regarding the regulation of cryptocurrencies in the Republic of China .
The official specified that the FSC is currently instructed by the nation's highest administrative body — the Executive Yuan — to supervise payments and transactions in the crypto market. Huang stressed that other types of industry-related assets like nonfungible tokens, or NFTs, may not fall under FSC’s supervision.Huang also noted that the FSC will initially pay special attention to self-regulation principles in the cryptocurrency industry in Taiwan.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Taiwan financial regulator says will oversee crypto currenciesTaiwan's Financial Supervisory Commission will be the main overseer of crypto currencies on the island, the head of the regulator said on Monday.
Lire la suite »
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
Lire la suite »
ECB's Wunsch does not see repeat of 2008 financial crisisECB Governing Council member Pierre Wunsch does not expect a repeat of the 2008 financial crisis despite turbulence caused by the collapse of Silicon Valley Bank, arguing European banks were subject to tougher rules than regional U.S. banks.
Lire la suite »
BlackRock is working on a rival takeover bid for Credit Suisse, Financial Times reportsIt follows an earlier report in the Financial Times that UBS is in talks to take over all or part of the embattled Swiss lender.
Lire la suite »
'Rich Dad, Poor Dad' Author to Issue Emergency Podcast as Global Financial Crisis WorseningVocal alarmist in sphere of economy and finance, Bitcoin supporter Kiyosaki says world is being pushed deeper into financial crisis
Lire la suite »
College acceptance and financial aid letters are going out — how to understand your offersThere is only one notification more significant than being accepted: the college financial aid award letter.
Lire la suite »