Taiwan’s Financial Supervisory Commission (FSC) has published official guidance aimed at making the cryptocurrency industry more trustworthy.
A constructive step towards the cryptocurrency industry came from Taiwan. by the country’s regulatory authority Tuesday, September 26 In a report published on for cryptocurrency companies regulations while tightening more sharpness one that provides guide published.
In the guide published by FSC, customer funds should be kept separately from company assets While emphasizing this, it required cryptocurrency companies to establish an internal audit mechanism.
From cryptocurrency companies with independent market makers FSC, which wants their work, companies that issue cryptocurrencies With these applications to the environment He emphasized that he needed to investigate what kind of impact they had.
One of the companies prospectus (whitepaper) FSC, which requires them to publish and clearly reveal customer assets and company assets, From exchanges located outside Taiwan in accordance with anti-money laundering laws register locally he demanded.
In the manual security of customer assets While it was brought to the fore, it was also requested that the systems for storing cryptocurrencies be strengthened and kept up to date. Additionally, cryptocurrency companies report every year It will also need to appoint accountants to publish it.
on the other hand USA, Europe And Japan Referring to the regulatory laws prepared specifically, FSC stated that lawmakers in these regions should create norms based on the developing structure of the new market dynamics.