Taiwanese crypto exchange and VASP member Bitgin under investigation for money laundering
Taiwan cryptocurrency exchange Bitgin is under investigation by the country's police force for money laundering. According to local news reports early this week, Yuting Zhang, the firm's COO, was arrested by Taiwanese police for his alleged role in the "Eighty-Eight Guild Hall" money laundering i ...
Financial Supervisory Commission of Taiwan awards first securitized token license
Taiwan's financial watchdog, the Financial Supervisory Commission (FSC), has awarded the country's first security token offering (STO) license to Cathay Securities.According to local news reports on Nov. 9, Cathay received regulatory approval for its "Sunshine Green Yield" STO bonds with a ...
JPEX scandal: Taiwan determines new suspects in alleged fraud — Report
The saga of the imploded cryptocurrency exchange JPEX continues to develop as Taiwanese prosecutors have reportedly found new alleged suspects.The Taipei District Prosecutors Office (TDPO) requested Chang Tung-ying, the chief partner at JPEX’s office in Taiwan, be held in custody over alle ...
Taiwan introduces crypto bill to Parliament
On Oct. 25, Taiwanese legislators introduced the Virtual Asset Management Bill to the unicameral parliament, the Legislative Yuan. The bill aims to provide “better protection” for the customers and “properly supervise” the industry. The 30-page bill appears moderate in its demands for ...
Circle launches ‘points-to-crypto’ program with Taiwan convenience store chain
The United States-based stablecoin issuer Circle has reported a partnership with Taiwan’s second-largest convenience store chain, FamilyMart, and a local crypto exchange, BitoGroup. According to the company’s press release from Oct. 26, it will deliver a new ‘Points-to-Crypto’ service on the ...
Taiwan Welcomes 52 Cryptocurrency Platforms Eager to Enter Market
Taiwan has become a magnet for cryptocurrency platforms as 52 of them express their strong interest in entering this burgeoning market. This move coincides with the global wave of enthusiasm and investment in cryptocurrencies, and Taiwan is eager to seize the opportunities presented by the thriving ...
Taiwan to restrict unregistered, noncompliant foreign crypto exchanges
East Asian country Taiwan is reportedly planning to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction as a part of its incoming guidance for virtual asset service providers (VASPs). On Sept. 7, a local media outlet, the Central News Agency,&n ...
Taiwan Grants Ethereum Creator Vitalik Buterin a Gold Card for Residence
Taiwan's digital authority has issued Etherium creator Vitalik Buterin a so-called gold card - a residence permit document with the right to enter the island's territory at any time. For the sake of issuing the "golden card" the authorities held a whole ceremony. Audrey ...
South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
South Korea’s Shinhan Bank has completed its second proof-of-concept using stablecoins for international remittances. Siam Commercial Bank’s SCB TechX unit and an unnamed Taiwanese financial institution also participated in the project.The project carried out real-time settleme ...
Universities in South Korea, Japan, and Taiwan Increasing Investment in Virtual Reality
Universities in South Korea, Japan and Taiwan are increasing investment in virtual reality despite skepticism surrounding meta-universes Educational institutions in Japan, South Korea and Taiwan are betting on virtual reality (VR) despite mixed progress around the meta-universe concept. Nikkei As ...
Taiwan passes legislation to create new department for digital assets regulation
The Taiwan Legislative Assembly has approved new legislative amendments that will allow the Taiwan Financial Services Commission (FSC) to establish a new department dedicated to handling digital assets. The new department will be created alongside the existing four divisions that oversee audit co ...