October 14, 2024 at 11:40 AM GST updated: October 14, 2024 at 09:48 AM 2 mins read News South Korea’s FSC forms a Virtual Asset Committee to review spot ETFs and corporate account regulations. The new committee will address market anomalies and tighten investor protections in the cryptocurrency space. South Korea’s Virtual Asset Committee will…
The Financial Supervisory Commission (FSC) in Taiwan has stated that it will begin trials of virtual asset custody services. The trials seek to advance financial services in cryptocurrency, making it possible for banks to manage and store Bitcoin, Ethereum and other cryptocurrencies. This announcement opens a new page of the collaboration between traditional financial institutions…
Market News Taiwan FSC plans to trial the crypto custody services of the virtual assets. Applications for the crypto custody trial will begin from Early 2025. Taiwan’s Financial Supervisory Commission (FSC) plans to trail the custody services of open digital assets. Three domestic banks have taken the initiative to participate in the trial program, which…
Taiwan’s Financial Supervisory Commission (FSC) has allowed professional investors to venture into foreign virtual asset exchange-traded funds (ETFs) via sub-brokerage. By allowing more diverse investment channels, the FSC aims to boost local brokerage operations while carefully managing the high risks of virtual assets. Stringent measures, including investor suitability checks and mandatory risk disclosures, ensure that…
The FSC has restricted access to the virtual asset ETFs to professional institutional investors Security companies will need to establish a “virtual asset ETF suitability system” Taiwan’s financial regulator is allowing professional investors to invest in “foreign virtual asset” exchange-traded funds (ETFs) through a re-entrustment service. In an announcement, the Financial Supervisory Commission (FSC) explained…
Taiwan permits professional investors to access foreign virtual asset ETFs. Investment limited to institutional and high-net-worth clients due to risks. Taiwan’s Financial Supervisory Commission (FSC) has announced a new initiative allowing professional investors to invest in foreign virtual asset exchange-traded funds (ETFs) via a re-entrustment method. This decision, detailed in a press release on Monday,…
September 30, 2024 at 02:50 PM GST updated: September 30, 2024 at 02:11 PM 2 mins read News Taiwan’s FSC now allows professional investors to invest in crypto ETFs, including Bitcoin, via re-entrustment. Only institutional investors, high-net-worth entities, and experienced individuals can access these high-risk crypto ETFs. Securities firms must assess clients’ knowledge and provide…