Taiwan’s Financial Supervisory Commission (FSC) has released new guidelines for virtual asset service providers (VASPs) in the country. The guidelines, published on Tuesday, September 26, 2023, include exchange registration, segregation of customer funds and prohibition of certain products. Foreign exchanges must register before offering services to Taiwan customers. The FSC also requires information disclosures, such as details on internal audits and other procedures. Additionally, VASPs are allowed to form or join self-regulatory standards organisations to promote self-discipline within the industry. The guidelines are aimed at streamlining the crypto exchange space in the country and bolster its crypto regulation. The goal is to enhance customer protection by outlining the standards and norms that crypto platforms will need to embrace.

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Information	Details
Geography	Asia
Countries
Sentiment	neutral
Relevance Score	9
People	None
Companies	Financial Supervisory Commission’s publication, Financial Supervisory Commission, self-regulatory standards organisations., Wu Blockchain, Company Law
Currencies	None
Securities	None