Taiwan Regulators to Set New Measures for Virtual Assets Providers

Taiwan is set to tighten regulatory guidelines for the crypto industry with the new principles.

Asian woman wearing traditional chinese dress at Sanfeng temple in Kaohsiung, Taiwan, looking at a glowing crypto coin in the sky.
Created by Gabor Kovacs from DailyCoin
  • The Taiwan Securities Commission is set to introduce stricter measures for offshore crypto exchanges.
  • Non-complying exchanges risk an outright ban from the region.
  • Binance Seeks AML Compliance Registration in Taiwan.

To tighten regulatory oversight of the cryptocurrency sector, the Taiwan Financial Supervisory Commission (FSC) has announced its plans to impose strict regulations on off-shore cryptocurrency exchanges inside its jurisdiction.

The commission, which acts as the island’s major financial regulator, announced the decision following a public hearing regarding the use of cryptocurrencies within the region.

A Pioneering Step in Cryptocurrency Regulation 

According to a local official report on September 7th, the Taiwan Securities regulatory body will release ten new comprehensive principles by the end of the month, specifically tailored for exchanges and brokers operating within Taiwan.


Taiwan is actively forging ahead in cryptocurrency regulation, laying the groundwork for the guiding principles that will steer the virtual asset industry. In April, FSC chair Huang Tien-mu initially disclosed the commission’s plans to roll out regulatory measures for the region’s cryptocurrency industry in September.

The guidelines put a stringent focus on registration. Businesses operating in digital assets must set clear standards for the delisting and listing of assets, ensuring a more structured approach that protects investors.

The authority asserts that exchanges that fail to adhere to its rigorous compliance standards could receive an outright ban from operating within Taiwan.

Binance Targets Taiwan

In August, cryptocurrency exchange Binance initiated the process of securing its AML compliance registration with the FSC. 


While the exchange’s registration process is ongoing, Binance reportedly underscored its commitment to becoming an official exchange in the region by offering its expertise as an anti-money laundering platform to the commission at the recently concluded hearing.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Grace Abidemi

Grace Abidemi, a cryptocurrency reporter at DailyCoin, covers industry developments and trends. She previously worked as a freelance writer. With a Bachelor's degree in German Language and certifications in marketing and storytelling, Grace creates engaging content. When not working, she's in Nigeria, mastering cooking and canvas painting, and enjoys learning about different cultures and languages.