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Taiwan Issues Crypto Guidance as It Steps Up Regulation

Taiwan's financial watchdog on Tuesday published guiding principles for crypto issuers and firms as it looks to strengthen industry oversight. The Financial Supervisory Commission (FSC), which was in March confirmed to be supervising the sector, said its guiding principles are meant to strengthen customer protection by ensuring transparency, sound asset custody methods, and reinforcing firms' internal controls and management. Under the new guidance, crypto issuers would have to publish a white paper, and exchange platforms must set up a review mechanism for listing and delisting virtual assets. The FSC referred to new crypto regulations from the European Union, Japan and South Korea.

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