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Taiwan Keeps Cryptocurrency at Arm’s Length
Taiwan has maintained an agnostic stance on cryptocurrency, with cautious financial regulators focusing on minimizing the associated risks. An unspoken rule still holds: As long as onshore digital asset providers hold themselves to high standards and avoid becoming too intertwined with the domestic banking system, they have relative freedom to operate in Taiwan – with a few caveats. Taiwan’s financial authorities were early to draw some lines in the sand regarding digital assets. In December 2013 a joint press release by the Central Bank and the Financial Supervisory Commission (FSC) stated that virtual ... (full story)