Crypto exchanges in Taiwan to register under new rules
A “Special Law for Crypto Exchange Management” is being drafted to establish clear licensing standards and improve consumer protection
Taiwan is moving towards stricter oversight of the crypto sector, with the Financial Supervisory Commission (FSC) set to introduce a registration system for crypto exchanges on 30 November. This early implementation is part of Taiwan’s efforts to bring clarity and regulatory compliance to digital asset exchanges, a growing segment of the financial market.
FSC Chairman Peng Chin-long recently noted that 26 exchanges have already fulfilled compliance declarations under Taiwan’s anti-money laundering laws, with up to 30 more applications under review. Following previous inspections that uncovered serious issues around identity verification and transaction monitoring, the FSC plans to inspect six more crypto firms in November and December.
In addition, the FSC is drafting a “Special Law for Crypto Exchange Management” to establish transparent licensing standards and enhanced consumer protection measures. The proposed law will undergo public hearings in early 2025, providing the public with a chance to weigh in on future crypto regulations.
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