News
A central bank official spoke about ongoing CBDC research and other payment modernization initiatives Taiwan is exploring.
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Taiwan News
Taiwan is a state in East Asia that is mostly located on the island of Taiwan. The official name of the state is the Republic of China, and this country claims to have the right of ruling the whole Chinese territory that was lost by the Republic of China after the Chinese Civil War with communists. Taiwan’s speed of economic growth made it one of the “Four Asian Tigers” — countries with a miraculous speed of economic development. Taiwan is a dynamic, capitalistic and a high-tech, free-market economy. However, Taiwan has some Bitcoin regulations. Taiwan banned Bitcoin ATMs and explained it as a countermeasure against Bitcoin usage as a currency for bank payments. Taiwan has no regulations on Bitcoin exchanges, Bitcoin is accepted at three of the four major convenience store chains. Taiwan also does not restrict mining of any cryptocurrencies nor cryptocurrency trading.
- News
The Financial Supervisory Commission considers itself to be “in the exploratory phase” for crypto exchange-traded funds.
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The exchange confirmed its chief operating officer’s brief relationship with an alleged money laundering group in a statement on Nov. 13.
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Cathay Securities is permitted to issue $930,000 worth of tokenized green bonds every six months.
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Taiwan prosecutors want Chang Tung-ying, chief partner at JPEX’s office in Taiwan, to be held in custody over alleged fraud.
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The Virtual Asset Management Bill aims to provide “better protection” for customers and “properly supervise” the industry.
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The partnership will allow FamilyMart customers to exchange their loyalty points for the Circle-issued USDC.
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Lawmakers in Taiwan are aiming to create a first draft of a special law about offshore exchanges by the end of November 2023.
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The latest delays came two weeks before the second deadline for many applicants.
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Besides local exchanges like Maicoin, major global crypto trading firms like Binance, Bybit and Kraken have also been serving customers in Taiwan.
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MaiCoin Group, BitoGroup and Ace Exchange became the first three founders of the Taiwan Virtual Asset Platform and Transaction Business Association.
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Senators Richard Blumenthal and Josh Hawley's framework emphasizes that technology companies cannot rely on liability protections to shield them from legal actions.
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Taiwan’s crypto watchdog has drafted 10 guiding principles for virtual asset service providers operating in the country.
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The world’s leading crypto exchange by trading volume has reportedly applied to register in Taiwan under the new AML compliance.
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The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project.
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