Taiwan Proposes New Crypto Industry Association Category!

The post Taiwan Proposes New Crypto Industry Association Category! appeared first on Coinpedia Fintech News

Taiwan’s Ministry of Economic Affairs has proposed adding a new business category to regulations, which would allow cryptocurrency-related companies to form industry associations. This move is intended to encourage the development of self-regulatory guidelines. The proposed business category outlines the cryptocurrency sector’s scope of operations and includes exchanging cryptocurrency for legal tender or other digital tokens, providing services for crypto storage or management, and facilitating coin transfers. The Ministry of Economic Affairs is soliciting public opinion and aims to finalize the amendment.