Taiwan's Legislative Yuan member Luo Ming stated that we should think carefully about how to regulate virtual currencies, so that legitimate companies have norms to follow, support the development of this industry, and increase job opportunities for young people. Now is a good time to promote Taiwan as the "Asian blockchain center". In March, the Executive Yuan designated the Financial Supervisory Commission as the competent authority for financial investment or payment-related virtual asset platforms. The Financial Supervisory Commission has established the "Guidelines for the Management of Virtual Asset Platforms and Trading Businesses (VASP)", and currently 26 virtual currency companies have completed their declaration of compliance with anti-money laundering laws.
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Taiwan Finance Commission Legislator: Currently, 26 virtual currency companies have completed declarations of compliance with money laundering prevention laws.
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