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Taiwan Keeps Cryptocurrency at Arm’s Length

From topics.amcham.com.tw

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 currencies ... (full story)

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  • Category: Fundamental Analysis