Taiwan, its financial regulator, the Financial Audit Commission ( FCS), to be the main authority overseeing the crypto industry.
Bloomberg Based on the sources of , Taiwan’s moves on the financial regulator were mentioned. According to this news Taiwanis preparing to rename its financial regulator as the main crypto regulator.
TaiwanFinancial Control Commission ( FCS), is preparing to declare itself as the main regulator of crypto exchanges and virtual assets. Bloombergthat the Taiwanese government and the FSC are working with other government departments, and He stated that he met with sector representatives to create a concrete plan.
Taiwan Takes Action to Regulate the Crypto Industry
Taiwan, its financial regulator Financial Audit Commission(FCS) as the main authority to regulate and oversee the crypto industry.
If this plan is approved Taiwanfirst time for the crypto industry will have officially appointed an editor.Moreover, Taiwan Central News Agencyreports that the FSC could be declared as the crypto regulator by the end of March.
Sharing his views on the subject FSChead Huang Tien-muwill act jointly with the government and He said he would follow the cabinet’s instructions.By underlining that they will work with the participants of the industry, Tien-mu also signaled that they are not anti-crypto.
