Posted 12/5/2023, 10:41:15 AM
Taiwan Regulators Study Allowing Crypto ETFs But Proceed Cautiously After Blocking Prior Attempts
- Taiwan's Financial Supervisory Commission is exploring allowing crypto ETFs, but will review global trends first
- They are monitoring developments in the U.S., Canada, and Australia where crypto ETFs already trade
- They have acknowledged major global exchanges launching crypto futures products
- Regulators have blocked local crypto ETF initiatives in recent years due to volatility
- Taiwan has recently accelerated crypto regulatory developments like a Virtual Asset Bill and industry guidelines