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Cathay Securities announced that it has obtained regulatory approval to launch Taiwan’s first Security Token Offering business. Taiwan’s financial sector, Cathay Securities has become the island’s first brokerage firm authorized by the Financial Supervisory Commission to launch a Security Token Offering (STO) business. This pioneering move allows the brokerage to issue
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As Taiwan regulators prepare to lay out a crypto regulation framework in September, Taiwan’s digital asset platforms have announced the establishment of an industry association. MaiCoin Group, BitoGroup and Ace Exchange became the first three founders of the Taiwan Virtual Asset Platform and Transaction Business Association. The preparatory group for the association
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Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways of protecting users against similar events should they recur. Virtual Asset Industry’s
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“Our next steps would be for the virtual asset service provider industry to collaborate with the FSC to define regulatory operations,” he said, saying one of the first steps is to form an industry self-regulatory body to help develop a set of rules. Source
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From ominous speculation about the potential economic fallout of military conflict between Taiwan and China, to markets being flooded with designer watches in the wake of a crypto downturn, to warnings of worse bear markets and soccer franchises pushing forward in the realm of metaverse ambitions, there’s once again never
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The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor. Taiwanese Regulator Urges Banks Not to Allow Crypto-Related Payments With Bank
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"As DAOs spread, they will usher in a new way of working and a fierce new era of digital competition, and in doing so, transform traditional organizations." (EY Global Blockchain Leader Paul Brady, for CryptoX) ... "But whether the economy can withstand rising rates during a period of geopolitical turmoil
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