Taiwanese MPs Call for Crypto Ban, but Regulator Prefers Progressive Approach
Taiwanese regulators are coming under pressure from MPs who want them to ready crypto regulation. Regulators admitted that there is currently no official body in the country that has policing power over firms offering the sale and purchase of cryptoassets. But those fearing a Mainland China-type crackdown will be able to rest easy after regulators hinted they prefer a more business-friendly approach.
Per the China Times, the Financial Supervisory Commission (FSC) Chairman Huang Tien-mu has met with “major ministries” and government organs including the Central Bank, the Ministry of Finance, the Ministry of Economy, and the National Development Council in a preliminary bid to lay the groundwork for “the management” of cryptoassets in Taiwan.
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