CandleFocus Taiwan’s financial watchdog to expand oversight of crypto exchanges: report
2024-10-30
Author: Content Editor
Taiwan's Financial Supervisory Commission (FSC) is planning to implement a registration system for crypto exchanges on November 30th, ahead of schedule. This move signals increased regulatory oversight in the crypto sector. The FSC has already received compliance declarations from 26 exchanges under anti-money laundering laws, with more applications currently being processed. The FSC will also enhance inspections of crypto exchanges after discovering compliance deficiencies in previous inspections. Additionally, the FSC is developing a "Special Law for Crypto Exchange Management" to establish transparent regulations for licensing, consumer protection, and operational standards.
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