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China’s Digital Yuan Scores Taiwan First with Bond Offering
7.11.2023
China’s digital yuan has completed another historic CBDC first, with a Taiwan-based firm “successfully” issuing e-CNY bonds. The offering, an ultra-short-term financing bond, was launched by Xiamen Xiangyu Group (XMXYG), a Mainland Chinese financial firm based in Xiamen that also...
Report: Taiwan Law Enforcement Seize Over 320 Million USDT From Alleged Money Launderer
2.11.2023
Taiwanese law enforcement recently revealed the seizure of more than 320 million USDT stablecoins from an alleged money launderer. The seizure has been described as Taiwan’s largest bust ever from a single individual. Lamborghini and a Lexus Seized Taiwan’s law enforcement recently...
Taiwan Police Bust $320 Million Crypto Money Laundering Racket
1.11.2023
Taiwan’s Criminal Bureau’s Electronic Investigation Team busted a major crypto money laundering operation, involving $320 million worth of USDT. The criminal network, led by a merchant named Qiu, spanned multiple countries in Southeast Asia, including Malaysia, Philippines, and Hong...
Taiwan introduces crypto bill to Parliament
27.10.2023
The Virtual Asset Management Bill aims to provide “better protection” for the customers and “properly supervise” the industry
Taiwan Advances Crypto Regulation as Draft Act Passes First Reading in Parliament
27.10.2023
Taiwan parliament, the Legislative Yuan, has passed the first reading of a proposed crypto law that would regulate the crypto asset industry. Taiwan has taken a significant step toward regulating the crypto sector by proposing a special crypto law, which has passed its first reading at...
Taiwan Crypto Regulation Gets Going With First Reading of Digital Asset Bill
27.10.2023
The bill sets the groundwork for defining what a virtual asset is and how exchanges should operate in Taiwan
USDC Issuer Circle Collaborates with Taiwanese Firms to Bring Loyalty Points to Crypto Services
26.10.2023
Global fintech firm Circle, which issues dollar-pegged USDC stablecoin, will soon offer loyalty points to stablecoin conversion service in Taiwan. Circle has collaborated with two Taiwanese firms – crypto exchange BitoGroup and convenience store chain Taiwan FamilyMart – to launch...
Circle launches 'points-to-crypto' program with Taiwan convenience store chain
26.10.2023
The United States-based stablecoin issuer Circle reports a partnership with Taiwan’s second-largest convenience store chain, FamilyMart and a local crypto exchange, BitoGroup
Taiwan aims for crypto law by November: Report
6.10.2023
Lawmakers in Taiwan are aiming to create a first draft of a special law about offshore exchanges by the end of November 2023
Taiwanese Crypto Trader's 6-Cent Fee Leads to $310K Win in Tax-Receipt Lottery
5.10.2023
Sometimes, being tax-compliant pays off
SEC continues to delay decisions on crypto ETFs: Law Decoded
2.10.2023
The latest delays came two weeks before the second deadline for many applicants
Taiwan Implements Stricter Regulations, Bans Unregistered Foreign Crypto Exchanges from Operating
27.9.2023
Today, on September 26, Taiwan's financial regulator, the Financial Supervisory Commission (FSC), unveiled new guidelines for Virtual Asset Service Providers (VASPs) aimed at enhancing the protection of cryptocurrency users in the country.
In March, the FSC confirmed its position to closely...
Taiwan’s crypto exchanges form an alliance
26.9.2023
A total of nine crypto exchange platforms in Taiwan have come together to form an industry association. The objective is to assist the relevant authorities in drafting regulations that suit the industry and the region mutually. The development comes ahead of the time when the FSC, or Financial...
Taiwan bans unregistered foreign crypto exchanges from operating
26.9.2023
Apart from local exchanges like Maicoin, major global crypto trading firms like Binance, ByBit and Kraken have also been serving customers in Taiwan
Taiwan Issues Crypto Guidance as It Steps Up Regulation
26.9.2023
The guiding principles focus on customer protection and includes requirements to custody client funds separately from company assets
Nine Crypto Firms in Taiwan Form Working Committee to Foster Regulatory Push
26.9.2023
Taiwan’s crypto community is coming forward to establish a working group in mid-October to “effectively integrate” digital currency adoption and self-compliance, in a move to “establish an effective and smooth communication channel with the government.”
According to a press release, nine...
Taiwan’s major crypto exchanges form association to advance industry interests
26.9.2023
MaiCoin Group, BitoGroup and ACE became the first three founders of the Taiwan Virtual Asset Platform and Transaction Business Association
Taiwan Calls El Salvador Authorities to Establish Virtual Assets Bureau For Enhanced Crypto Regulations
18.9.2023
Taiwan’s Crypto Association has established talks with the El Salvador authorities – the Central Bank, the Virtual Assets Bureau, and the Presidential Palace – calling for enhanced crypto regulations.
According to a Wu Blockchain report, Taiwan regulators have communicated with El Salvador’s...
Report: More Than 50 Virtual Currency Platform Operators Want to Join the Taiwan Market
12.9.2023
About 52 virtual currency operators have shown interest in joining Taiwan’s financial market, the Financial Supervisory Commission has said. The commission also said that it is planning to announce the region’s first virtual asset management guiding principles sometime in September....
How senators plan on regulating AI: Law Decoded, Sept. 4–11
11.9.2023
Senators Richard Blumenthal and Josh Hawley's framework emphasizes that technology companies cannot rely on liability protections to shield them from legal actions