Taiwan Polishes Crypto Regulations, Plans To Ban Non-Compliant Offshore Exchanges

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Taiwan’s financial watchdog of Taiwan drafted 10 guiding principles for virtual asset service providers (VASPs) after a public hearing for the crypto industry. The principles, compiled by the Financial Supervisory Commission (FSC), are slated to be released by the end of September. The principles may include a proper compliance registration of offshore crypto exchanges to operate in Taiwan. The commission plans to ban offshore crypto exchanges if they fail to comply with its requests. Read Here: Does Banning Crypto Solve Anything? IMF Addresses How To Navigate Macro Challenges Get more well-ve…

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