Taiwan’s crypto platforms have established an industrial association to represent the interests of the industry. The association includes nine crypto exchanges, P2P trading platforms, financial investment platforms, wallet hosting companies and other types of crypto businesses. The Financial Supervisory Commission of Taiwan has created a draft of ten guiding principles for the management of virtual currencies in the country. One of the principles considers prohibiting foreign VASPs from illegally soliciting business within Taiwan. Binance, the world’s leading crypto exchange by trading volume, has applied for registration in Taiwan. The association is intended to guide the industry, collect information, set standards, build consensus, and speak on behalf of the industry. President of ACE Exchange, Wang Chenhuan said: “The association is a family and a beacon. It guides us in the direction, collects information, sets standards, builds consensus, speaks on our behalf, and leads us to further progress.”

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Information	Details
Geography	Asia
Countries	🇸🇨
Sentiment	neutral
Relevance Score	9
People	Wang Chenhuan
Companies	HOYA BIT, Financial Supervisory Commission (FSC) of Taiwan, Rybit, Binance International Limited Taiwan Branch (Seychelles)., BITGIN, MaiCoin Group, XREX, BitoGroup, BitstreetX, ACE, Shangbito
Currencies	None
Securities	None