The Taiwanese government has taken action to legally regulate the cryptocurrency industry.
Taiwan’s first bill specifically covering cryptocurrencies has been sent to the legislature for consideration.
Service providers in Taiwan today laws regarding the prevention of laundering of proceeds of crime It needs to act appropriately, but there is no regulation for the cryptocurrency industry.
The bill included definitions of virtual assets and standards on how operators will operate. With these substances protection of customers is intended.
Unlike its neighbor Hong Kong, Taiwan supports cryptocurrency trading. only with professional investors It does not restrict.
According to the bill, cryptocurrency exchanges operating in Taiwan, assets belonging to customers with business funds need to keep them separate from each other. However, for this purpose the stock markets receiving services from third parties It is not stipulated that.
If the bill is approved, exchange operators will be asked to consult accountants regarding the status of the assets under their management. receive periodic reports It will be necessary. Additionally, regulatory bodies in the country are responsible for stock exchanges. internal control systems will be able to check regularly.