Taiwan’s second-largest telecommunications company, Taiwan Mobile, has become the country’s 26th Virtual Asset Service Provider (VASP), positioning itself as a potential creator of cryptocurrency exchanges. This move marks a significant step towards integrating digital assets into mainstream services.
Recently included on the Financial Supervisory Commission (FSC) website, Taiwan Mobile’s statement was led by its General Manager, Zhichen Lin. This registration allows the company to join the VASP association, signaling a serious advancement in digital asset adoption.
The company has expressed interest in collaborating with local crypto platforms and investing in the crypto business, potentially leading to the establishment of a cryptocurrency exchange to meet growing demand.
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In June, Taiwan established the Virtual Asset Service Providers Association to regulate its crypto sector, aiming to strengthen oversight to combat fraud and ensure compliance with anti-money laundering requirements.
The FSC plans to introduce revised rules for digital assets in September and is assessing public demand for a Bitcoin ETF, potentially allowing Taiwanese investors to invest in foreign BTC ETFs within regulatory frameworks.
